Stock Rating Upgrade
The Value Trend Rating for Mesa Laboratories Inc (NASDAQ: MLAB) improved of late 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
On 5/1/24, Mesa Laboratories Inc (NASDAQ: MLAB) stock enjoyed a large increase of 3.9%, closing at $110.18. Moreover, trading volume in this advance was unusually high at 155% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.3% during the last week.
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 49 and a neutral Power Rating of 42, producing the Low Neutral Value Trend Rating.
Be the first to comment