On 5/31/24, Mesa Laboratories Inc (NASDAQ: MLAB) stock suffered a major decline of -13.4%, closing at $95.70. Moreover, trading volume in this decline was exceptionally high at 341% of normal. The stock has performed in line with the market over the last nine months and has declined -16.3% 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 (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Mesa Laboratories has a neutral Power Rating of 56 and a neutral Appreciation Score of 56, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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