Measurement Specialties Director John Arnold Unloads 2,500 Shares (MEAS)
Measurement Specialties (NASDAQ:MEAS) Director John Arnold unloaded 2,500 shares of the stock on the open market in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $54.81, for a total transaction of $137,025.00. Following the transaction, the director now directly owns 51,500 shares of the company’s stock, valued at approximately $2,822,715. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Measurement Specialties (NASDAQ:MEAS) traded up 0.27% during mid-day trading on Friday, hitting $54.95. 14,195 shares of the company’s stock traded hands. Measurement Specialties has a one year low of $28.77 and a one year high of $55.29. The stock’s 50-day moving average is $50.46 and its 200-day moving average is $46.24. The company has a market cap of $864.1 million and a P/E ratio of 25.61.
Measurement Specialties (NASDAQ:MEAS) last released its earnings data on Wednesday, August 7th. The company reported $0.55 earnings per share for the quarter, beating the analysts’ 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.
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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