Stock Rating Downgrade
In the last week the Value Trend Rating for Mesa Laboratories Inc (NASDAQ: MLAB) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/12/24, Mesa Laboratories Inc (NASDAQ: MLAB) stock rose slightly by 0.3%, closing at $105.01. Moreover, this advance was accompanied by above average trading volume at 131% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
MLAB’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Mesa Laboratories has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Mesa Laboratories has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 37, producing the Negative Value Trend Rating.
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