MTS Systems Corporation (MTSC) was Initiated by JP Morgan to “Overweight”. JP Morgan advised their investors in a research report released on Jun 23, 2016.
Many Wall Street Analysts have commented on MTS Systems Corporation. Shares were Reiterated by Wunderlich on May 11, 2016 to “Buy” and Lowered the Price Target to $ 68 from a previous price target of $80 .
On the company’s financial health, MTS Systems Corporation reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.44 based on the information available during the earnings call on May 10, 2016. Analyst had a consensus of $0.71. The company had revenue of $137.10 million for the quarter, compared to analysts expectations of $144.28 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.
MTS Systems Corporation closed down -0.67 points or -1.48% at $44.59 with 1,94,097 shares getting traded on Tuesday. Post opening the session at $44.94, the shares hit an intraday low of $44.26 and an intraday high of $45.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on May 12, 2016, Chun Hung Yu (director) purchased 2,000 shares at $47.44 per share price. According to the SEC, on Apr 8, 2016, Jeffrey A Graves (CEO) purchased 322 shares at $51.83 per share price. On Aug 27, 2015, David D Johnson (director) purchased 5,000 shares at $60.33 per share price, according to the Form-4 filing with the securities and exchange commission.
MTS Systems Corporation (MTS) is a global supplier of test systems and position sensors. The Companys operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segments testing hardware software and services solutions help customers improve their design development and manufacturing processes and are used for determining the mechanical behavior of materials products and structures. Test also sells a range of accessories and spare parts as well as services including installation calibration maintenance training and consulting. MTS sensors segment provides controls for a range of industrial and vehicular applications. The segments customer industries include manufacturers of plastic injection molding machines steel mills fluid power oil and gas medical wood product processing equipment mobile equipment and energy.