Stock Rating Upgrade
The Value Trend Rating for Mesa Laboratories Inc (NASDAQ: MLAB) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Mesa Laboratories Inc (NASDAQ: MLAB) stock closed at $91.60 on 6/14/24 after a modest decline of -1.5%. Moreover, above average trading volume at 126% of normal accompanied the decline. The stock has declined -14.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
MLAB is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Mesa Laboratories has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mesa Laboratories has a neutral Appreciation Score of 48 and a neutral Power Rating of 42, with the Low Neutral Value Trend Rating the result.
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