Losers of the Day (EGHT, ISCA, EGO, CTRP)

Los Angelas, CA -- (SBWIRE) -- 01/28/2013 -- Shares of cloud-based business communications and solutions provider 8x8 (NASDAQ:EGHT) shed as much as 15% following the release of its third-quarter earnings results last night. Fittingly for 8x8, it was all in the numbers. For the quarter, 8x8 reported a revenue jump of 17% to $27.3 million and a profit of $0.05. Both figures were perfectly in line with Wall Street's expectations, but GAAP EPS actually fell slightly from the year-ago period. For a company whose share price has doubled since last summer, this simply wasn't good enough for investors.

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International Speedway Corporation (NASDAQ:ISCA) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Shares of International Spe (NasdaqNM:ISCA) are trading at $26.45 and is -4.90% from its 50-day Moving Average price of $27.8142 and -0.77% from its 200-day Moving Average price of $26.6564. The average trading volume is 136743 shares and its market capitalization is $1.228B.

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ElDorado Gold Corp (NYSE:EGO) entered into oversold territory, changing hands as low as $11.40 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of ElDorado Gold Corp, the RSI reading has hit 29.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 49.2, the RSI of Spot Gold is at 41.8, and the RSI of Spot Silver is presently 45.2.

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Chinese Internet travel company Ctrip.com (NASDAQ:CTRP) fell as much as 16% today on reports of an expansion of discounting. This morning Oppenheimer said that Ctrip would expand its coupon program to air tickets and the company's vice president confirmed reports. The price war between travel agencies is getting stronger and this will put more pressure on Ctrip's margins. The stock wasn't cheap to begin with, so more margin pressure isn't good for investors. Shares now trade at 23 times earnings, and impact of another coupon program could be big. I don't think there's a reason to buy the stock today and would wait and see how margins play out in coming quarters.

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