Shares of Mesa Laboratories, Inc. (NASDAQ:MLAB) opened at 121.30 on Thursday. The stock has a 50 day moving average price of $121.91 and a 200-day moving average price of $119.14. The stock has a market capitalization of $447.23 million, a PE ratio of 40.11 and a beta of 0.61. Mesa Laboratories, Inc. has a 52-week low of $79.79 and a 52-week high of $137.20.
Mesa Laboratories, Inc. (NASDAQ:MLAB) insider Glenn E. Adriance sold 8,070 shares of the business’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $124.15, for a total value of $1,001,890.50. Following the completion of the transaction, the insider now directly owns 15,170 shares of the company’s stock, valued at $1,883,355.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Mesa Laboratories (NASDAQ:MLAB) last released its quarterly earnings results on Thursday, February 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.23. Mesa Laboratories had a return on equity of 18.52% and a net margin of 12.24%. On average, equities research analysts anticipate that Mesa Laboratories, Inc. will post $2.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. Mesa Laboratories’s dividend payout ratio is presently 21.12%.
A number of analysts have recently commented on MLAB shares. Janney Montgomery Scott restated a “buy” rating on shares of Mesa Laboratories in a research report on Friday, December 23rd. Zacks Investment Research upgraded Mesa Laboratories from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 11th.
Mesa Laboratories Company Profile
Mesa Laboratories, Inc is focused primarily on quality control products and services. The Company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators and Cold Chain. The Instruments Division designs, manufactures and markets quality control instruments and disposable products.