Why Montrose Environmental Group Stock Is Falling Today

·2-min read
Why Montrose Environmental Group Stock Is Falling Today

A fall in COVID-19 testing ate into results from environmental services company Montrose Environmental Group (NYSE: MEG), causing the company to miss expectations. Investors were apparently caught off guard, sending shares of Montrose down about 25% in midday trading Wednesday. Montrose provides environmental testing, lab services, remediation, and consulting to a range of industries.