News to Watch: MTS Systems Corporation (NASDAQ:MTSC)

MTS Systems Corporation (NASDAQ:MTSC) spotted trading -60.75% off 52-week high price. On the other end, the stock has been noted 82.36% away from the low price over the last 52-weeks. The stock changed -2.48% to recent value of $23.98. The stock transacted 157594 shares during most recent day however it has an average volume of 172.38K shares. The company has 19.23M of outstanding shares and 18.84M shares were floated in the market.

On Oct. 27, 2020, MTS Systems Corporation (NASDAQ:MTSC) a leading global supplier of advanced test systems, motion simulators and precision sensors, revealed that it will provide two state-of-the-art tire testing systems to a global tire manufacturer to help optimize designs for electric and fuel-efficient vehicles. The contract is valued at $7 million and is the company’s largest customer order in India, underscoring MTS’ continued focus to expand its presence in key global markets.

Environmental sustainability initiatives are driving rapid changes across all industries, and MTS is committed to supporting the development of more energy-efficient products and solutions, says Randy J. Martinez, MTS Interim President and CEO. MTS is pleased to provide test systems that will help this customer meet new testing standards and tire fuel-efficiency rating requirements. As the automotive industry sharpens its focus on fuel-efficiency, MTS’ innovative test systems and technologies will continue to help manufacturers accelerate electric vehicle development and improve the energy-efficiency of all vehicles.

Its earnings per share (EPS) expected to touch remained 14.10% for this year while earning per share for the next 5-years is expected to reach at 10.00%. MTSC has a gross margin of 34.80% and an operating margin of 6.00% while its profit margin remained 1.60% for the last 12 months.

According to the most recent quarter its current ratio was 2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.03% from the mean of 20 days, 5.39% from mean of 50 days SMA and performed -4.39% from mean of 200 days price. Company’s performance for the week was -0.46%, 20.62% for month and YTD performance remained -50.07%.

Leave a Reply

Your email address will not be published. Required fields are marked *