Masimo Corp. Reaches New 12-Month High at $27.19 (MASI)
Masimo Corp. (NASDAQ:MASI)’s share price reached a new 52-week high during mid-day trading on Tuesday, Analyst Ratings.Net reports. The stock traded as high as $27.19 and last traded at $27.00, with a volume of 127,765 shares traded. The stock had previously closed at $26.64.
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 assigned a buy rating to the company. The company presently has a consensus 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 $27.35. The stock has a 50-day moving average of $25.73 and a 200-day moving average of $22.67. The company has a market cap of $1.541 billion and a price-to-earnings ratio of 24.69.
Masimo Corp. (NASDAQ:MASI) last posted its quarterly earnings results 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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