WMS Industries (WMS -6.3%) slides after being cut to Sell on an over-extended valuation by...

|About: WMS Industries Inc. (WMS-OLD)|By:, SA News Editor

WMS Industries (WMS -6.3%) slides after being cut to Sell on an over-extended valuation by Deutsche earlier today. The firm notes slowing trends in conversion-kit sales and a weakening of participation pricing for the downgrade. It adds that over-zealous consensus estimates will have to be revised downward, and sentiment toward the industry "is not favorable to say the least."