Shares in Bankrate take a tumble on Q3 loss

After more than doubling in the last year, shares in Bankrate Inc. are taking a tumble today after the company posted a $7.8 million third quarter loss despite boosting revenue by 4 percent, to $121.2 million.

An aggregator of financial rate information, Bankrate sells hyperlinked ads to mortgage originators and generates leads for credit card and insurance companies.

Shares in Bankrate have traded at between $9.90 and $23.14 in the last year. The company’s share price dipped below $17 in trading this morning, down nearly 20 percent from yesterday’s close of $20.94. Source: