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NASDAQ:MMSIMerit Medical Systems Stock Price, Forecast & News

$43.13
+0.20 (+0.47 %)
(As of 08/5/2020 10:03 AM ET)
Add
Compare
Today's Range
$43.02
Now: $43.13
$43.81
50-Day Range
$41.89
MA: $43.88
$46.69
52-Week Range
$19.50
Now: $43.13
$47.99
Volume25,378 shs
Average Volume387,396 shs
Market Capitalization$2.39 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.07
Merit Medical Systems, Inc. manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy. The company operates through Cardiovascular and Endoscopy segments. It provides peripheral intervention products, including access, angiography, intervention, and drainage and biopsy for diagnosis and treatment of diseases in peripheral vessels and organs; and cardiac intervention products, such as access, angiography, hemostasis, intervention, and electrophysiology and cardiac rhythm management products to treat various heart conditions. The company also offers cardiovascular and critical care products to treat patients with life-threatening diseases, protect healthcare providers from exposure to bloodborne pathogens, and provide medical devices. In addition, it provides interventional oncology and spine products comprising delivery system, embolotherapy, spine ablation, and vertebral compression fracture products to treat metastatic spinal tumors, liver cancer, uterine fibroids, benign prostatic hyperplasia, vertebral compression fractures, and arteriovenous malformations and hemostatic embolization, as well as breast cancer localization and guidance products for the treatment of breast cancer. Further, the company offers non-vascular stents to treat pulmonary and gastrointestinal diseases; dilation balloons to endoscopically dilate strictures; and kits and accessories for endoscopy and bronchoscopy procedures. Additionally, it provides coated tubes and wires; and microelectromechanical system sensor components. The company sells its products to hospitals and clinic-based physicians, technicians, and nurses through its direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers in the United States and internationally. Merit Medical Systems, Inc. was founded in 1987 and is headquartered in South Jordan, Utah.
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Merit Medical Systems logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.43 out of 5 stars


Industry, Sector and Symbol

Industry Surgical & medical instruments
Sub-IndustryHealth Care Supplies
SectorMedical
Current SymbolNASDAQ:MMSI
CUSIP58988910
Phone801-253-1600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$994.85 million
Cash Flow$3.34 per share
Book Value$16.77 per share

Profitability

Net Income$5.45 million

Miscellaneous

Employees6,355
Market Cap$2.39 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$43.13
+0.20 (+0.47 %)
(As of 08/5/2020 10:03 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Merit Medical Systems (NASDAQ:MMSI) Frequently Asked Questions

How has Merit Medical Systems' stock been impacted by COVID-19 (Coronavirus)?

Merit Medical Systems' stock was trading at $32.88 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MMSI stock has increased by 30.6% and is now trading at $42.93.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Merit Medical Systems?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Merit Medical Systems in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Merit Medical Systems
.

When is Merit Medical Systems' next earnings date?

Merit Medical Systems is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Merit Medical Systems
.

How were Merit Medical Systems' earnings last quarter?

Merit Medical Systems, Inc. (NASDAQ:MMSI) issued its quarterly earnings results on Wednesday, July, 29th. The medical instruments supplier reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.24. The medical instruments supplier earned $218.37 million during the quarter, compared to analysts' expectations of $192.67 million. Merit Medical Systems had a negative net margin of 3.10% and a positive return on equity of 8.10%. The company's quarterly revenue was down 14.5% compared to the same quarter last year. During the same period last year, the company earned $0.42 EPS.
View Merit Medical Systems' earnings history
.

What price target have analysts set for MMSI?

10 Wall Street analysts have issued 1 year target prices for Merit Medical Systems' stock. Their forecasts range from $30.00 to $63.00. On average, they expect Merit Medical Systems' share price to reach $46.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
View analysts' price targets for Merit Medical Systems
.

Has Merit Medical Systems been receiving favorable news coverage?

News coverage about MMSI stock has trended somewhat negative on Wednesday, InfoTrie reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Merit Medical Systems earned a news sentiment score of -1.0 on InfoTrie's scale. They also assigned news headlines about the medical instruments supplier a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.
View the latest news about Merit Medical Systems
.

Are investors shorting Merit Medical Systems?

Merit Medical Systems saw a drop in short interest in July. As of July 15th, there was short interest totaling 4,110,000 shares, a drop of 10.1% from the June 30th total of 4,570,000 shares. Based on an average daily volume of 432,500 shares, the short-interest ratio is presently 9.5 days. Approximately 7.7% of the shares of the company are short sold.
View Merit Medical Systems' Current Options Chain
.

Who are some of Merit Medical Systems' key competitors?

What other stocks do shareholders of Merit Medical Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Merit Medical Systems investors own include Citigroup (C), OraSure Technologies (OSUR), LightPath Technologies (LPTH), Overstock.com (OSTK), Exfo (EXFO), Energy Transfer LP Unit (ET), RTI Surgical (RTIX), Under Armour (UA), Neurometrix (NURO) and Johnson & Johnson (JNJ).

Who are Merit Medical Systems' key executives?

Merit Medical Systems' management team includes the following people:
  • Mr. Fred P. Lampropoulos, Chairman, CEO & Pres (Age 69)
  • Mr. Ronald A. Frost, Chief Operating Officer (Age 57)
  • Mr. Brian G. Lloyd, Chief Legal Officer & Corp. Sec. (Age 58)
  • Mr. Joseph C. Wright, Pres of International Division (Age 49)
  • Mr. Raul Parra Jr., CPA, CFO & Treasurer

What is Merit Medical Systems' stock symbol?

Merit Medical Systems trades on the NASDAQ under the ticker symbol "MMSI."

Who are Merit Medical Systems' major shareholders?

Merit Medical Systems' stock is owned by many different retail and institutional investors. Top institutional shareholders include Conestoga Capital Advisors LLC (3.55%), Frontier Capital Management Co. LLC (1.28%), AMI Asset Management Corp (0.50%), Emerald Advisers LLC (0.34%), Emerald Mutual Fund Advisers Trust (0.32%) and Comerica Bank (0.26%). Company insiders that own Merit Medical Systems stock include A Scott Anderson, David Ming-Teh Liu, Enterprise Associates 14 New, F Ann Millner, Franklin J Miller, Fred P Lampropoulos, Justin J Lampropoulos, Kent W Stanger, Michael E Stillabower, Nolan E Karras, Raul Jr Parra and Ronald Frost.
View institutional ownership trends for Merit Medical Systems
.

Which institutional investors are selling Merit Medical Systems stock?

MMSI stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, SG Americas Securities LLC, Chartwell Investment Partners LLC, Raymond James & Associates, Comerica Bank, and AMI Asset Management Corp. Company insiders that have sold Merit Medical Systems company stock in the last year include A Scott Anderson, David Ming-Teh Liu, F Ann Millner, Franklin J Miller, Fred P Lampropoulos, and Nolan E Karras.
View insider buying and selling activity for Merit Medical Systems
.

Which institutional investors are buying Merit Medical Systems stock?

MMSI stock was bought by a variety of institutional investors in the last quarter, including Conestoga Capital Advisors LLC, UBS Group AG, Envestnet Asset Management Inc., ProShare Advisors LLC, Duality Advisers LP, Raymond James Financial Services Advisors Inc., FDx Advisors Inc., and BBVA USA Bancshares Inc.. Company insiders that have bought Merit Medical Systems stock in the last two years include Enterprise Associates 14 New, Raul Jr Parra, and Ronald Frost.
View insider buying and selling activity for Merit Medical Systems
.

How do I buy shares of Merit Medical Systems?

Shares of MMSI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Merit Medical Systems' stock price today?

One share of MMSI stock can currently be purchased for approximately $42.93.

How big of a company is Merit Medical Systems?

Merit Medical Systems has a market capitalization of $2.38 billion and generates $994.85 million in revenue each year. The medical instruments supplier earns $5.45 million in net income (profit) each year or $1.46 on an earnings per share basis. Merit Medical Systems employs 6,355 workers across the globe.

What is Merit Medical Systems' official website?

The official website for Merit Medical Systems is www.merit.com.

How can I contact Merit Medical Systems?

Merit Medical Systems' mailing address is 1600 WEST MERIT PARK WAY, SOUTH JORDAN UT, 84095. The medical instruments supplier can be reached via phone at 801-253-1600 or via email at [email protected]

This page was last updated on 8/5/2020 by MarketBeat.com Staff

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