Measurement Specialties CEO Frank Guidone Unloads 6,762 Shares (MEAS)
Measurement Specialties (NASDAQ:MEAS) CEO Frank Guidone sold 6,762 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $50.16, for a total value of $339,181.92. Following the completion of the transaction, the chief executive officer now directly owns 25,069 shares of the company’s stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
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 52 week low of $28.77 and a 52 week high of $51.00. The stock’s 50-day moving average is $48.39 and its 200-day moving average is $44.40. The company has a market cap of $786.6 million and a P/E ratio of 23.57.
Measurement Specialties (NASDAQ:MEAS) last posted its quarterly earnings results 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 in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. 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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