Med tech stocks mired in the red following Edwards, Mettler-Toledo results [Seeking Alpha]
Mettler-Toledo International, Inc. (MTD)
Last mettler-toledo international, inc. earnings: 2/6 04:10 pm
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Source: Seeking Alpha
Medical device and equipment makers show relative weakness after large-cap peers Edwards Lifesciences ( EW ) and Mettler-Toledo ( MTD ) reported Q2 results ( I , II ) that disappointed investors. EW drags down peers in the S&P Health Care Equipment Index, including ABMD , VAR , ISRG and BAX . MTD fell more than 5% before paring some loses as Jefferies warns the stock may be range-bound as it grows into its premium multiple; also, ILMN -2.5%, SYNH , CRL , PRAH , BIO . Device makers operating in the diabetes space tumble, led by DXCM ( DXCM ), down as much as 9% as FDA approval for Abbott’s ( ABT ) FreeStyle Libre for 14-day wear and a one-hour warm-up served as a negative headline for the company; also, TNDM , NVCR , IRTC , TCMD , GNMK , PODD . ETFs: IHI , XHE Source: Bloomberg First Word See all stocks on the move » Now read: Is It Too Late To Buy Illumina Stock? » S
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MTD
News
- Mettler-Toledo International Inc. (NYSE: MTD) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
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MTD
Earnings
- 2/8/24 - Miss
MTD
Analyst Actions
- 4/4/24 - Evercore ISI Group
MTD
Sec Filings
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- 3/12/24 - Form ARS
- MTD's page on the SEC website