Top Consumer Goods Stock Losers are RWC, MOV, SPP

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RELM Wireless Corporation (AMEX:RWC) is down 5.13% to $3.70 after the company announced that it has received an order from the Department of Defense (DoD) valued at approximately $750,000 for the Company's Rapid Deployment Portable Repeater (RDPR). Approximately $32,000 of the order will be fulfilled in 2009.

Movado Group, Inc (NYSE:MOV) declines 17.12% to $8.99 after the company revised its fiscal 2010 guidance and expects net loss per share to range from approximately $1.40 per fully diluted share to $1.50 per fully diluted share on a GAAP basis, including a $0.94 non-cash tax charge; an $0.08 charge for the sale of excess discontinued product; and a $0.03 charge for debt financing. This guidance is predicated on a revised sales outlook taking into consideration the higher than anticipated level of inventory destocking and industry liquidation sales related to retailers going out of business, resulting in an expected 20% sales decline for the year.

Sappi Limited (ADR) (NYSE:SPP) declines 6.10% to $4.31 after the company was downgraded to Sell by Citi. Sappi is currently above its 50-day moving average of $3.92 and above its 200-day moving average of $3.14. Sappi Limited is a global paper and pulp company. The Company is a producer of coated fine paper used in books, brochures, magazines, catalogues and many other print applications. It is also the producer of chemical cellulose, used primarily in the manufacture of viscose fiber, acetated tow, and consumer and pharmaceutical products.

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