MTS Systems Corporation (MTSC) is Upgraded by Sidoti to Buy

MTS Systems Corporation (MTSC) was Upgraded by Sidoti to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Sidoti advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on MTS Systems Corporation. MTS Systems Corporation was Initiated by Wells Fargo to “Market Perform” on Aug 17, 2016.

On the company’s financial health, MTS Systems Corporation reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.66. The company had revenue of $157.70 million for the quarter, compared to analysts expectations of $146.30 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

MTS Systems Corporation closed down -1.39 points or -3.17% at $42.49 with 1,05,646 shares getting traded on Tuesday. Post opening the session at $43.87, the shares hit an intraday low of $42.41 and an intraday high of $44.24 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 22, 2016, William E Bachrach (SVP Test Division) sold 491 shares at $49.32 per share price. According to the SEC, on May 12, 2016, Chun Hung Yu (director) purchased 2,000 shares at $47.44 per share price. On Apr 8, 2016, Jeffrey A Graves (CEO) purchased 322 shares at $51.83 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 Company’s operations are organized and managed in two business segments: the Test segment and the Sensors. Testing segment’s 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 segment’s 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.

MTS Systems Corporation

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