MTS Systems (MTSC) Cut to Strong Sell at BidaskClub

MTS Systems (NASDAQ:MTSC) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.

Other analysts have also recently issued reports about the company. B. Riley reiterated a “buy” rating on shares of MTS Systems in a research report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating on shares of MTS Systems in a research report on Tuesday, October 10th. Finally, Zacks Investment Research cut MTS Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $65.50.

Shares of MTS Systems (NASDAQ MTSC) opened at $54.45 on Friday. MTS Systems has a 1 year low of $44.65 and a 1 year high of $59.00. The firm has a market capitalization of $955.53, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 2.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.85 and a quick ratio of 1.33.

MTS Systems (NASDAQ:MTSC) last announced its quarterly earnings results on Monday, November 27th. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. MTS Systems had a return on equity of 10.32% and a net margin of 3.18%. The firm had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $195.24 million. During the same period in the prior year, the business posted $0.55 earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. equities research analysts anticipate that MTS Systems will post 2.28 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in MTSC. SG Americas Securities LLC bought a new stake in shares of MTS Systems during the second quarter worth $110,000. Crossmark Global Holdings Inc. bought a new stake in shares of MTS Systems during the third quarter worth $201,000. Wedbush Securities Inc. bought a new stake in shares of MTS Systems during the third quarter worth $214,000. Virtu KCG Holdings LLC bought a new stake in shares of MTS Systems during the second quarter worth $220,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of MTS Systems during the third quarter worth $267,000. Institutional investors own 97.77% of the company’s stock.

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About MTS Systems

MTS Systems Corporation is a supplier of test systems and position sensors. The Company operates through two segments: Test and Sensors. The Test segment provides testing solutions, including hardware, software and services to ground vehicles, materials and structures markets. The Sensors segment provides position sensors for a range of industrial and mobile hydraulic applications.

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