Share on StockTwits

Shares of Measurement Specialties (NASDAQ:MEAS) hit a new 52-week high on Tuesday , StockRatingsNetwork reports. The company traded as high as $78.70 and last traded at $78.45, with a volume of 22,174 shares trading hands. The stock had previously closed at $77.15.

Separately, analysts at Needham & Company LLC raised their price target on shares of Measurement Specialties from $70.00 to $75.00 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock.

The stock has a 50-day moving average of $66.59 and a 200-day moving average of $61.85. The company has a market cap of $1.239 billion and a P/E ratio of 34.14.

Measurement Specialties (NASDAQ:MEAS) last announced its earnings results on Tuesday, June 3rd. The company reported $0.56 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.56. The company had revenue of $104.90 million for the quarter, compared to the consensus estimate of $104.70 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts expect that Measurement Specialties will post $2.89 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.