Insider Selling: John Arnold Sells 2,500 Shares of Measurement Specialties Stock (MEAS)
Measurement Specialties (NASDAQ:MEAS) Director John Arnold sold 2,500 shares of Measurement Specialties stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.22, for a total transaction of $125,550.00. Following the completion of the sale, the director now directly owns 54,000 shares in the company. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Measurement Specialties (NASDAQ:MEAS) traded down 0.66% on Wednesday, hitting $50.93. 44,784 shares of the company’s stock traded hands. Measurement Specialties has a 52-week low of $28.77 and a 52-week high of $51.36. The stock’s 50-day moving average is $48.52 and its 200-day moving average is $44.78. The company has a market cap of $800.9 million and a price-to-earnings ratio of 23.96.
Measurement Specialties (NASDAQ:MEAS) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter 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.