Masimo Corp. Sets New 1-Year High at $26.00 (MASI)
Masimo Corp. (NASDAQ:MASI)’s share price reached a new 52-week high during trading on Wednesday, Analyst Ratings Network.com reports. The stock traded as high as $26.00 and last traded at $25.85, with a volume of 59,068 shares traded. The stock had previously closed at $25.86.
Separately, analysts at Wedbush initiated coverage on shares of Masimo Corp. (NASDAQ:MASI) in a research note to investors on Monday, July 15th. They set an “outperform” rating and a $28.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Masimo Corp. has an average rating of “Hold” and a consensus price target of $25.50.
Masimo Corp. has a 52-week low of $19.03 and a 52-week high of $25.94. The stock has a 50-day moving average of $24.7 and a 200-day moving average of $21.97. The company has a market cap of $1.463 billion and a price-to-earnings ratio of 23.97.
Masimo Corp. (NASDAQ:MASI) last released its earnings data on Wednesday, July 31st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $137.42 million for the quarter, compared to the consensus estimate of $136.36 million. During the same quarter last year, the company posted $0.27 earnings per share. Masimo Corp.’s revenue was up 11.9% compared to the same quarter last year. On average, analysts predict that Masimo Corp. will post $1.15 earnings per share for the current fiscal year.
Masimo Corporation is a global medical technology company that develops, manufactures, and markets noninvasive patient monitoring products.
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