Insider Selling: Mark Edward Thomson Unloads 3,523 Shares of Measurement Specialties Stock (MEAS)
Measurement Specialties (NASDAQ:MEAS) CFO Mark Edward Thomson unloaded 3,523 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $50.09, for a total value of $176,467.07. Following the completion of the sale, the chief financial officer now directly owns 23,778 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Measurement Specialties (NASDAQ:MEAS) traded down 0.83% during mid-day trading on Thursday, hitting $50.02. 31,667 shares of the company’s stock traded hands. Measurement Specialties has a 1-year low of $28.77 and a 1-year high of $51.00. The stock has a 50-day moving average of $48.39 and a 200-day moving average of $44.40. The company has a market cap of $786.6 million and a price-to-earnings ratio of 23.57.
Measurement Specialties (NASDAQ:MEAS) last released its earnings data on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.03. The company had revenue of $100.50 million for the quarter, compared to the consensus estimate of $98.00 million. During the same quarter last year, the company posted $0.53 earnings per share. Measurement Specialties’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Measurement Specialties will post $2.25 earnings per share for the current fiscal year.
Measurement Specialties, Inc is engaged in the design, development and manufacture of sensors and sensor-based systems for original equipment manufacturers (NASDAQ:MEAS) and end users, based on a range of technology and characterized by the MEAS brand name.
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