Mettler-Toledo International Shares Drop 1.76% to $1269.11 on Dismal Trading Day
August 6, 2023
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METTLER-TOLEDO ($NYSE:MTD): Mettler-Toledo International Inc. saw its stock price drop 1.76% to $1269.11 on Thursday, which was a dismal day for the stock market in general. Mettler-Toledo International Inc. is a multinational manufacturer and marketer of precision instruments and services. The company operates in four segments – laboratory, industrial, retail, and food retail. It produces measuring instruments such as balances, scales, and weighing systems for laboratory, industrial, retail, and food markets. It also provides advisory services and software solutions for laboratory, industrial, and retail customers worldwide.
The stock market saw a decline on Thursday in part due to worries over the US-China trade war and a decline in consumer confidence. Mettler-Toledo International Inc. was not immune to the market’s downturn, as its share price dropped 1.76%. This suggests that investors still have faith in the company’s prospects.
Analysis
After an in-depth analysis of METTLER-TOLEDO INTERNATIONAL‘s financials, we at GoodWhale have come to a conclusion that the company has a high health score of 8/10. This is due to the fact that they are capable to pay off their debts and fund their future operations. According to our Star Chart, METTLER-TOLEDO INTERNATIONAL is classified as ‘rhino’ which means the company has achieved moderate revenue or earnings growth. Investors that are looking for companies that are profitable and have strong cashflows might be interested in investing in METTLER-TOLEDO INTERNATIONAL. Although the company has weak asset and dividend performance, the overall financial standing of the company is strong. As a result, potential investors can be assured that their investments will be well taken care of. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mettler-toledo International. More…
| Total Revenues | Net Income | Net Margin |
| 3.95k | 888.78 | 22.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mettler-toledo International. More…
| Operations | Investing | Financing |
| 969.15 | -164.04 | -827.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mettler-toledo International. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.37k | 3.46k | -1.11 |
Key Ratios Snapshot
Some of the financial key ratios for Mettler-toledo International are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.4% | 17.7% | 29.3% |
| FCF Margin | ROE | ROA |
| 21.7% | -2962.0% | 21.5% |
Peers
Mettler-Toledo International Inc is a leading manufacturer of weighing instruments for use in laboratory, industrial, and food retailing applications. The company operates in a highly competitive market with various international competitors such as Agilent Technologies Inc, Neogen Corp, and Sonova Holding AG.
– Agilent Technologies Inc ($NYSE:A)
Agilent Technologies Inc is a publicly traded company with a market capitalization of 38.18 billion as of 2022. The company’s return on equity for the same year was 19.27%. Agilent Technologies is a leading global provider of scientific instruments, software, services, and solutions. The company offers a wide range of products and services for the life sciences, diagnostics, and applied chemical markets.
– Neogen Corp ($NASDAQ:NEOG)
Neogen Corporation is a publicly traded company headquartered in Lansing, Michigan that develops, manufactures and markets a variety of products dedicated to food and animal safety. The company’s Food Safety Division offers a range of testing kits and instruments to detect foodborne pathogens, natural toxins, food allergens, genetic modifications, ruminant by-products, and general sanitation concerns. The Animal Safety Division provides animal healthcare products, including diagnostic tests, vaccines, and pharmaceuticals.
– Sonova Holding AG ($OTCPK:SONVY)
Sonova Holding AG is a Swiss manufacturer of hearing aids and cochlear implants. The company has a market capitalization of 14.07 billion as of 2022 and a return on equity of 18.9%. Sonova was founded in 1947 and is headquartered in Stäfa, Switzerland. The company’s products are sold under the Phonak, Unitron, and Widex brands.
Summary
Mettler-Toledo International Inc. saw a 1.76% decrease in stock price on Thursday, closing at $1269.11. This was amidst an overall bearish sentiment in the stock market, indicating investors may have decreased their exposure to the company. Analysts believe the current market conditions could be a good opportunity to buy, as Mettler-Toledo’s long-term growth prospects still appear promising. Investors should consider looking into the company’s financials, dividend history, and other fundamental metrics prior to investing in order to determine its potential return.
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