Medical Action Industries (MDCI) Releases Quarterly Earnings, Hits Estimates
Medical Action Industries (NASDAQ:MDCI) released its earnings data on Monday. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.02, Stock Ratings News reports. The company had revenue of $71.90 million for the quarter, compared to the consensus estimate of $111.10 million.
Medical Action Industries (NASDAQ:MDCI) opened at 13.79 on Monday. Medical Action Industries has a 52 week low of $5.04 and a 52 week high of $13.85. The stock’s 50-day moving average is $13.03 and its 200-day moving average is $8.62. The company has a market cap of $226.0 million and a price-to-earnings ratio of 53.87.
On the ratings front, analysts at Sidoti downgraded shares of Medical Action Industries from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 25th.
Medical Action Industries Inc (NASDAQ:MDCI) develops, manufactures, markets and supplies a range of disposable medical products.
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