Why Shares of Masimo Are Dropping Tuesday
Shares of (NASDAQ: MASI) were down by 18.5% as of 1:30 p.m. on Tuesday. The patient monitoring company announced preliminary numbers for the second quarter after the markets closed on Monday. The stock is now down by about 19% so far this year.
Masimo is a healthcare company that focuses on patient monitoring technologies, including measurements, sensors, patient monitors, and automation and connectivity solutions.
Its preliminary second-quarter revenue numbers came in lower than expected, leading management to say it plans to find ways to cut costs for the rest of the year.
Source Fool.com
Masimo Corp. Stock
€107.00
0.610%
We see a rather positive sentiment for Masimo Corp. with 7 Buy predictions and 1 Sell predictions.
As a result the target price of 151 € shows a positive potential of 41.12% compared to the current price of 107.0 € for Masimo Corp..
