Utah Medical Products (NASDAQ:UTMD) Announces Quarterly Earnings Results

Utah Medical Products (NASDAQ:UTMD) issued its earnings results on Thursday. The medical instruments supplier reported $0.88 earnings per share for the quarter, Zacks reports. Utah Medical Products had a return on equity of 8.74% and a net margin of 29.04%.

Utah Medical Products Stock Performance

UTMD stock traded up $0.12 on Thursday, reaching $74.83. The company’s stock had a trading volume of 1,413 shares, compared to its average volume of 21,432. The business has a fifty day simple moving average of $72.91 and a two-hundred day simple moving average of $69.57. Utah Medical Products has a 12-month low of $53.66 and a 12-month high of $76.89. The firm has a market cap of $237.98 million, a PE ratio of 22.82 and a beta of 0.38.

Utah Medical Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Thursday, September 17th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, September 17th. Utah Medical Products’s dividend payout ratio is currently 37.80%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Utah Medical Products from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, Utah Medical Products currently has an average rating of “Hold”.

About Utah Medical Products

Utah Medical Products, Inc (NASDAQ: UTMD) develops, manufactures and markets disposable medical devices used in hospital and clinical settings. The company focuses primarily on products for obstetrics, gynecology, neonatal care, electrosurgery and related surgical procedures.

Its product portfolio includes fetal monitoring electrodes and catheters, intrauterine pressure catheters, uterine manipulators, cervical dilators, neonatal respiratory products, electrosurgical instruments, grounding pads, biopsy devices and other specialized disposable instruments.