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Measurement Specialties (NASDAQ:MEAS) CEO Frank D. Guidone sold 52,292 shares of the stock on the open market in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $85.67, for a total value of $4,479,855.64. Following the sale, the chief executive officer now directly owns 32,417 shares in the company, valued at approximately $2,777,164. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Measurement Specialties (NASDAQ:MEAS) traded up 0.04% during mid-day trading on Thursday, hitting $85.65. 207,821 shares of the company’s stock traded hands. Measurement Specialties has a 52-week low of $46.88 and a 52-week high of $86.55. The stock’s 50-day moving average is $85.8 and its 200-day moving average is $73.36. The company has a market cap of $1.386 billion and a price-to-earnings ratio of 48.70.

Measurement Specialties (NASDAQ:MEAS) last announced its earnings results on Wednesday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.61 by $0.06. The company had revenue of $114.13 million for the quarter, compared to the consensus estimate of $114.85 million. During the same quarter last year, the company posted $0.55 earnings per share. Measurement Specialties’s revenue was up 13.6% compared to the same quarter last year. On average, analysts predict that Measurement Specialties will post $2.62 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on MEAS shares. Analysts at CJS Securities downgraded shares of Measurement Specialties from a “market outperform” rating to a “market perform” rating in a research note on Monday, June 23rd. They now have a $86.00 price target on the stock, up previously from $80.00. Analysts at Needham & Company LLC downgraded shares of Measurement Specialties from a “buy” rating to a “hold” rating in a research note on Thursday, June 19th.

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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