Medifast Inc. (MED, Financial) experienced a notable stock decline with a 5.08% drop, trading at $18.87 per share. The trading volume was 81,106 shares, with a turnover rate of 0.74% and a price fluctuation of 4.38%.
Recent financial results for Medifast Inc. (MED, Financial) indicate revenue of $140 million and a net profit of $1.13 million, translating to an earnings per share of $0.10. The company's gross profit stands at $106 million, with a price-to-earnings (P/E) ratio of 28.19. Among rating agencies, both recommended holding the stock, with none suggesting buying or selling.
In the broader consumer services industry, which posted an overall increase of 0.57%, related stocks such as Frontdoor, Inc., Rollins, Inc., and Service Corporation International showed significant gains. Interactive Strength Inc. and Inspire Veterinary Partners, Inc. were particularly active with turnover rates of 6,331.58% and 42.40% respectively. Stocks with notable price fluctuations included Interactive Strength Inc. at 30.81%, and Medirom Healthcare Technologies Inc. at 15.24%.
Medifast Inc. is an American company that specializes in the production, distribution, and sales of products related to weight loss, weight management, and healthy living, primarily through e-commerce platforms.
