Utah Medical Products (NASDAQ:UTMD) Announces Earnings Results

Utah Medical Products (NASDAQ:UTMD) released its earnings results on Thursday. The medical instruments supplier reported $0.88 earnings per share for the quarter, Zacks reports. Utah Medical Products had a return on equity of 8.74% and a net margin of 29.04%.

Utah Medical Products Trading Up 0.1%

NASDAQ:UTMD traded up $0.10 during mid-day trading on Thursday, hitting $74.81. The stock had a trading volume of 36,588 shares, compared to its average volume of 36,423. Utah Medical Products has a twelve month low of $53.66 and a twelve month high of $76.89. The stock has a 50-day simple moving average of $72.91 and a two-hundred day simple moving average of $69.57. The company has a market capitalization of $237.91 million, a PE ratio of 22.81 and a beta of 0.38.

Utah Medical Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 17th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.24 annualized dividend and a yield of 1.7%. Utah Medical Products’s dividend payout ratio (DPR) is 37.80%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Utah Medical Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Utah Medical Products has an average rating of “Hold”.

About Utah Medical Products

Utah Medical Products, Inc (NASDAQ: UTMD) develops, manufactures and markets disposable medical devices used in hospital and clinical settings. The company focuses primarily on products for obstetrics, gynecology, neonatal care, electrosurgery and related surgical procedures.

Its product portfolio includes fetal monitoring electrodes and catheters, intrauterine pressure catheters, uterine manipulators, cervical dilators, neonatal respiratory products, electrosurgical instruments, grounding pads, biopsy devices and other specialized disposable instruments.