Mesa Laboratories, Inc. (NASDAQ:MLAB)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $226.99 and traded as low as $227.30. Mesa Laboratories shares last traded at $229.13, with a volume of 177 shares.

A number of research firms have weighed in on MLAB. Zacks Investment Research raised IMI PLC/S from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. ValuEngine raised United Overseas Bank from a “sell” rating to a “hold” rating in a research report on Monday, June 17th. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Finally, TheStreet downgraded Weis Markets from a “b-” rating to a “c+” rating in a research report on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Mesa Laboratories presently has an average rating of “Buy” and an average price target of $256.00.

The company has a current ratio of 1.42, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average of $228.17. The stock has a market capitalization of $891.89 million, a PE ratio of 43.41 and a beta of 0.26.

Mesa Laboratories (NASDAQ:MLAB) last released its quarterly earnings data on Monday, June 3rd. The medical instruments supplier reported $0.34 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.74). The company had revenue of $26.45 million during the quarter, compared to analyst estimates of $29.00 million. Mesa Laboratories had a net margin of 7.26% and a return on equity of 19.88%. Equities analysts predict that Mesa Laboratories, Inc. will post 7.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, August 29th. Mesa Laboratories’s payout ratio is presently 11.92%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MLAB. Kistler Tiffany Companies LLC boosted its holdings in shares of Mesa Laboratories by 2,072.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 29,440 shares of the medical instruments supplier’s stock valued at $7,193,000 after buying an additional 28,085 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Mesa Laboratories by 10.2% in the 4th quarter. BlackRock Inc. now owns 252,580 shares of the medical instruments supplier’s stock valued at $52,634,000 after buying an additional 23,384 shares during the last quarter. Martingale Asset Management L P acquired a new stake in shares of Mesa Laboratories in the 1st quarter valued at approximately $4,289,000. Bank of America Corp DE boosted its holdings in shares of Mesa Laboratories by 422.6% in the 4th quarter. Bank of America Corp DE now owns 16,487 shares of the medical instruments supplier’s stock valued at $3,436,000 after buying an additional 13,332 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Mesa Laboratories by 19.8% in the 4th quarter. Northern Trust Corp now owns 58,994 shares of the medical instruments supplier’s stock valued at $12,293,000 after buying an additional 9,764 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

About Mesa Laboratories (NASDAQ:MLAB)

Mesa Laboratories, Inc designs, manufactures, and markets quality control instruments and disposable products. The company's Instruments segment offers data loggers, which are precision instruments used in critical manufacturing, quality control, and validation applications; medical meters and calibration solutions used to test various parameters of the dialysis fluid, and the calibration and operation of the dialysis machine; gas flow calibration and air sampling equipment that are used for industrial hygiene assessments, calibration of gas metering equipment, and environmental air monitoring; and torque testing systems used for measure bottle cap tightness.

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