Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Mesa Laboratories Inc (NASDAQ: MLAB) improved of late. MLAB’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Mesa Laboratories Inc (NASDAQ: MLAB) stock enjoyed a very large increase of 5.2% on 4/8/24. The shares closed at $106.14. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months and has declined -3.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, MLAB is expected to continue to be Value Creation neutral.
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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Mesa Laboratories has a neutral Appreciation Score of 52 and a slightly negative Power Rating of 37, resulting in the Low Neutral Value Trend Rating.
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