Measurement Specialties Director Morton Topfer Sells 25,000 Shares (MEAS)
Measurement Specialties (NASDAQ:MEAS) Director Morton Topfer unloaded 25,000 shares of the company’s stock on the open market in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the director now directly owns 545,001 shares of the company’s stock. The transaction was disclosed in a document filed 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 52 week low of $28.77 and a 52 week 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 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. Analysts expect that Measurement Specialties will post $2.25 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.