Mesa Laboratories Inc (NASDAQ: MLAB) stock closed at $134.16 on 11/6/24 after a major increase of 11.1%. Moreover, unusually high trading volume at 193% of normal accompanied the advance. The stock has risen 19.1% during the last week and has been strong relative to 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mesa Laboratories has a poor Appreciation Score of 16 but a good Power Rating of 76, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive 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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