Mesa Laboratories (NASDAQ:MLAB – Get Free Report) announced its quarterly earnings results on Tuesday. The medical instruments supplier reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.66, Zacks reports. Mesa Laboratories had a positive return on equity of 28.52% and a negative net margin of 107.56%.
Mesa Laboratories Stock Up 11.9 %
NASDAQ MLAB traded up $15.96 on Tuesday, reaching $149.89. The company had a trading volume of 4,262 shares, compared to its average volume of 28,947. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $813.88 million, a P/E ratio of -3.29 and a beta of 0.83. The company’s fifty day moving average is $132.85 and its 200 day moving average is $125.36. Mesa Laboratories has a 52-week low of $83.68 and a 52-week high of $149.50.
Mesa Laboratories Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Mesa Laboratories’s dividend payout ratio is currently -1.40%.
Analyst Ratings Changes
View Our Latest Report on MLAB
Mesa Laboratories Company Profile
Mesa Laboratories, Inc develops, designs, manufactures, sells, and services life sciences tools and quality control products and services in North America, Europe, the Asia Pacific, and internationally. The Sterilization and Disinfection Control segment offers biological, chemical, and cleaning indicators, used to assess the effectiveness of sterilization decontamination, disinfection, and cleaning processes in the pharmaceutical, medical device, and healthcare industries.
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