Should You Buy Mettler-Toledo International Inc (MTD) Stock on Friday?

Mettler-Toledo International Inc (MTD) stock has gained 3.90% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Mettler-Toledo International Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MTD!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With MTD Stock Today?

Mettler-Toledo International Inc (MTD) stock is trading at $1,317.47 as of 3:40 PM on Friday, Mar 8, a decline of -$31.64, or -2.35% from the previous closing price of $1,349.11. The stock has traded between $1,317.47 and $1,364.59 so far today. Volume today is light. So far 70,537 shares have traded compared to average volume of 143,184 shares.

More About Mettler-Toledo International Inc

Mettler-Toledo International supplies weighing and precision instruments to customers in the life sciences (54% of 2020 sales), industrial (40%), and food retail industries (6%). Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with sales distribution roughly as follows: United States around 30% of sales, Europe around 30%, China around 20%, and the rest of the world around 20%. Click Here to get the full Stock Report for Mettler-Toledo International Inc stock.