MTS Systems (MTSC) Downgraded by BidaskClub to Strong Sell
MTS Systems (NASDAQ:MTSC) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
A number of other brokerages also recently issued reports on MTSC. B. Riley set a $70.00 price objective on MTS Systems and gave the stock a “buy” rating in a research report on Monday, November 27th. FBR & Co reiterated a “buy” rating on shares of MTS Systems in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded MTS Systems from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. MTS Systems presently has a consensus rating of “Hold” and an average target price of $65.50.
Shares of MTS Systems (NASDAQ MTSC) traded up $0.35 on Friday, hitting $54.45. The stock had a trading volume of 62,900 shares, compared to its average volume of 59,211. MTS Systems has a 52 week low of $44.65 and a 52 week high of $59.00. The company has a quick ratio of 1.33, a current ratio of 1.85 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $968.89, a P/E ratio of 41.56, a price-to-earnings-growth ratio of 2.39 and a beta of 1.27.
Hedge funds have recently modified their holdings of the business. Schwab Charles Investment Management Inc. increased its holdings in MTS Systems by 4.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 114,606 shares of the scientific and technical instruments company’s stock worth $5,937,000 after purchasing an additional 4,862 shares in the last quarter. Northern Trust Corp increased its holdings in MTS Systems by 3.5% in the second quarter. Northern Trust Corp now owns 270,288 shares of the scientific and technical instruments company’s stock worth $14,000,000 after purchasing an additional 9,201 shares in the last quarter. Elk Creek Partners LLC increased its holdings in MTS Systems by 13.9% in the second quarter. Elk Creek Partners LLC now owns 153,787 shares of the scientific and technical instruments company’s stock worth $7,966,000 after purchasing an additional 18,735 shares in the last quarter. Nordea Investment Management AB increased its holdings in MTS Systems by 15.2% in the third quarter. Nordea Investment Management AB now owns 40,800 shares of the scientific and technical instruments company’s stock worth $2,181,000 after purchasing an additional 5,376 shares in the last quarter. Finally, Messner & Smith Theme Value Investment Management Ltd. CA bought a new stake in MTS Systems in the second quarter worth approximately $2,193,000. Institutional investors and hedge funds own 97.80% of the company’s stock.
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MTS Systems Company Profile
MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.
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