Watch List Stock News: MTS Systems Corporation (Nasdaq: MTSC)

MTS Systems Corporation (Nasdaq: MTSC) spotted trading -4.25% off 52-week high price. On the other end, the stock has been noted 42.05% away from the low price over the last 52-weeks. The stock changed 0.21% to recent value of $54.58. The stock transacted 18304 shares during most recent day however it has an average volume of 102K shares. The company has 17.97M of outstanding shares and 17.7M shares were floated in the market.  

MTS Systems Corporation (Nasdaq: MTSC) revealed the appointment of two new members to the Board of Directors,  Ms. Nancy Altobello and  Ms. Linda Zukauckas, effective April 1, 2019.  These seasoned executives add further financial depth, global capital market and cybersecurity expertise, along with notable leadership responsibilities for the creation of high performance, diverse global enterprises over the course of their careers.

Nancy Altobello retired from Ernst & Young LLP (EY) in 2018, following a highly successful, 38-year career in which she rose through the audit ranks, to become a Managing Partner for both Audit and Advisory Services in the Northeast US Region by 2003.  In addition to her role as an executive Audit Partner since 1994, where her oversight responsibilities included numerous global industrial and technology companies, Nancy assumed the added responsibility of Vice Chair of Talent for the Americas in 2008, which later expanded to Talent and People Strategy for EY worldwide.  Nancy is a recognized leader for both her professional accomplishments, as well as her skills in the creation of diverse, global leadership teams that were instrumental to EY’s success over many years.  Nancy served on the Board of EY from 2014 until her retirement from the firm in 2018.  She also served on the Board of Directors and the Compensation and M&A committees of CA Technologies, a $4.2 billion global leader in software development, until it was acquired by Broadcom in November 2018.

Linda Zukauckas is the Executive Vice President, Business CFO Group and Deputy Chief Financial Officer for American Express, where she leads all business and corporate segment CFO activities as well as the Finance Technology strategy.  Prior to joining American Express in 2011, Linda held Finance and Strategy executive leadership roles for Ally Financial, from 2000, and previously with Deutsche Bank from 1997, where she rose to the position of Chief Auditor for their Global Investment Bank.  Linda began her career with PricewaterhouseCoopers LLP (PwC) in progressive audit leadership roles from 1984.  Linda has been recognized for her numerous professional accomplishments and diversity leadership efforts throughout her career, including executive sponsorship for the ‘Executive Women’s Interest Network’ at American Express.  Linda has served on the Board of American Express Global Business Travel since 2014.

Commenting on the additions of Ms. Zukauckas and Altobello to the MTS Board of Directors, David Anderson, Chairman of the Board said the following, “We are extremely pleased with the addition of two such talented individuals to our Board of Directors.  Given the exciting growth opportunities that we see ahead, and the complex global economic, financial and political environments that we must navigate, we will be well served by both of these very experienced and accomplished executives.  Additionally, their demonstrated ability to create and lead high performance, diverse global organizations makes them extremely valuable to MTS and our expanding need for talent around the world.  These newest additions to our Board positions us well from a Governance standpoint, and adds to the Board’s strategic talent base that our CEO, Dr. Jeff Graves, and the MTS Management Team can draw upon to deliver increased shareholder value in the coming years.”

 Its earnings per share (EPS) expected to touch remained 43.60% for this year while earning per share for the next 5-years is expected to reach at 10.00%. MTSC has a gross margin of 39.10% and an operating margin of 8.50% while its profit margin remained 4.90% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.37% from the mean of 20 days, 4.24% from mean of 50 days SMA and performed 6.99% from mean of 200 days price. Company’s performance for the week was 2.45%, 2.18% for month and YTD performance remained 35.71%.

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