MTS Systems Corporation MTSC saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DRYS, as the stock is now down over 11% in the past one-month time frame.
On Dec 2, the company announced fourth quarter fiscal 2015 results, in which revenue of $143.5 million was relatively flat compared to the year-ago quarter. Gross profit fell 5% to $53 million.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
MTSC currently has a Zacks Rank #4 (Sell).
A better-ranked stock in the Instruments–Scientific industry is Bruker Corporation BRKR, which currently carries a Zacks Rank #1 (Strong Buy).
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