APAC Customer Services, Inc. (NASDAQ:APAC) Sinks Down On A Promotion

APAC Customer Services, Inc. (NASDAQ:APAC) has been going down these days. Over the last week, the stock price reached $6.60 per share, while currently it is down to $5.55.

Records show APAC was promoted two days ago, but it seems that the promotion doesn’t work good enough for the company. Though its traded volume almost doubled, the price keeps moving down.

However, APAC is highly optimistic about its future. The company reported positive 2010 first quarter results and expects to gain over $350 million in sales during the next fiscal year.

APAC Customer Service is a public company, built on client relationships with Fortune 500 and global market leaders. During the past month, its stock was up 7.57%, but presently the price change is -2.29%, which does not fit APAC’s management expectations.

Another proof on the company’s negatives, is the fact that its net income by April, 2010 is five times lower as compared to its value in January, this year. But still, APAC claims that the company relies on its sufficient cash to meet its projected operations and repay its debt obligations for the next twelve months.

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