Measurement Specialties, Inc. Buyback
OLI recorded this information on 11/26/2013
Measurement Specialties, Inc.
Measurement Specialties, Inc. (Nasdaq:MEAS) (the "Company"), a global designer and manufacturer of sensors and sensor-based systems, announced today that the Company's Board of Directors has adopted a program to repurchase from time to time at management's discretion up to $10,000,000 of the shares of the Company's common stock in the open market or in private transactions at prevailing market prices. As of October 28, 2013, the Company had 15,866,062 shares of common stock outstanding. Repurchases will be made under the program using the Company's own cash resources. Needham & Company, Inc. will act as agent for the Company's stock repurchase program.
Measurement Specialties is a sensor technology company engaged in the design, development and manufacture of sensors and sensor-based systems, based on a portfolio of technology and marketed under the MEAS brand name. Co.'s sensors are used for engine and vehicle, medical, industrial, consumer and home appliance, military and commercial aerospace, environmental water monitoring, and test and measurement applications. The majority of Co.'s sensors are components (sensing elements), devices, or transducers that convert fundamental physical measurands such as temperature, pressure, force, position, angle, acceleration, or humidity into electronic signals.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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