The stock of MTS Systems Corporation (NASDAQ:MTSC) hit a new 52-week low and has $39.68 target or 9.00% below today’s $43.60 share price. The 5 months bearish chart indicates high risk for the $728.40M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $39.68 price target is reached, the company will be worth $65.56 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 102,986 shares traded hands. MTS Systems Corporation (NASDAQ:MTSC) has declined 24.67% since March 10, 2016 and is downtrending. It has underperformed by 32.19% the S&P500.
Analysts await MTS Systems Corporation (NASDAQ:MTSC) to report earnings on December, 7. They expect $0.86 earnings per share, up 40.98% or $0.25 from last year’s $0.61 per share. MTSC’s profit will be $14.37M for 12.67 P/E if the $0.86 EPS becomes a reality. After $0.78 actual earnings per share reported by MTS Systems Corporation for the previous quarter, Wall Street now forecasts 10.26% EPS growth.
MTS Systems Corporation (NASDAQ:MTSC) Ratings Coverage
Out of 2 analysts covering MTS Systems (NASDAQ:MTSC), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. MTS Systems has been the topic of 2 analyst reports since June 23, 2016 according to StockzIntelligence Inc. On Thursday, June 23 the stock rating was initiated by JP Morgan with “Overweight”. Wells Fargo initiated MTS Systems Corporation (NASDAQ:MTSC) on Wednesday, August 17 with “Market Perform” rating.
According to Zacks Investment Research, “MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company’s testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS’ high-performance position sensors provide controls for a variety of industrial and vehicular applications.”
Insitutional Activity: The institutional sentiment increased to 2.68 in 2016 Q2. Its up 0.88, from 1.8 in 2016Q1. The ratio improved, as 18 funds sold all MTS Systems Corporation shares owned while 23 reduced positions. 35 funds bought stakes while 75 increased positions. They now own 16.01 million shares or 20.06% more from 13.33 million shares in 2016Q1.
California Pub Employees Retirement holds 0% or 39,000 shares in its portfolio. Victory Cap Mgmt Incorporated holds 0% of its portfolio in MTS Systems Corporation (NASDAQ:MTSC) for 1,491 shares. Legal & General Public Ltd Company holds 0% or 2,924 shares in its portfolio. Arrowgrass Capital (Us) Lp accumulated 0.01% or 20,000 shares. Teton Advsrs accumulated 5,502 shares or 0.02% of the stock. Speece Thorson Capital Gru holds 0.05% of its portfolio in MTS Systems Corporation (NASDAQ:MTSC) for 5,019 shares. Jacobs Levy Equity Mngmt has 13,580 shares for 0.01% of their US portfolio. Hussman Strategic Advisors accumulated 2,250 shares or 0.02% of the stock. Barclays Plc accumulated 0% or 51 shares. Numeric Investors accumulated 15,700 shares or 0.01% of the stock. Bank Of America Corporation De owns 160,330 shares or 0% of their US portfolio. Messner And Smith Theme Value Investment Management Ltd Ca holds 1.65% of its portfolio in MTS Systems Corporation (NASDAQ:MTSC) for 20,413 shares. Rhumbline Advisers has 0.01% invested in the company for 46,875 shares. Fmr Lc has invested 0% of its portfolio in MTS Systems Corporation (NASDAQ:MTSC). Sei Invs Co accumulated 0% or 7 shares.
Insider Transactions: Since May 12, 2016, the stock had 1 insider buy, and 1 sale for $70,663 net activity. On Thursday, May 12 the insider Yu Chun Hung bought $94,880. BACHRACH WILLIAM E sold 491 shares worth $24,217.
More notable recent MTS Systems Corporation (NASDAQ:MTSC) news were published by: Prnewswire.com which released: “MTS Signs Definitive Agreement To Acquire Sensor Producer PCB Group Inc. For …” on April 06, 2016, also Prnewswire.com with their article: “MTS Rolling Road System Model Brings Inspiration To Future Engineers At …” published on August 25, 2016, Prnewswire.com published: “MTS Echo Health Monitoring Helps Improve Reliability For FKFS’s Rolling Road” on January 28, 2016. More interesting news about MTS Systems Corporation (NASDAQ:MTSC) were released by: Prnewswire.com and their article: “MTS and CATARC Unveil Comprehensive Vehicle Test and Innovation Facility” published on July 30, 2015 as well as Prnewswire.com‘s news article titled: “MTS Systems Announces Expansion Plan For Indian Market” with publication date: September 16, 2015.
MTSC Company Profile
MTS Systems Corporation (MTS), incorporated on September 12, 1966, is a global supplier of test systems and position sensors. The Companyâ€™s activities are organized and managed in two business divisions: the Test segment and the Sensors. MTS Systems Corporationâ€™s testing hardware, software and services solutions help clients improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTSâ€™ position sensors provide controls for a range of industrial and vehicular applications.
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