Medical Action Industries (MDCI) Announces Quarterly Results

Medical Action Industries (NASDAQ: MDCI) posted its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $110.03 million. During the same quarter last year, the company posted ($0.01) earnings per share. Medical Action Industries’s revenue was down .3% compared to the same quarter last year.

On a related note, analysts at Zacks downgraded shares of Medical Action Industries from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, April 15th. They now have a $6.50 price target on the stock.

Medical Action Industries (NASDAQ: MDCI) opened at 8.00 on Tuesday. Medical Action Industries has a 52-week low of $2.25 and a 52-week high of $6.72. The stock’s 50-day moving average is currently $5.90. The company’s market cap is $131.1 million.

Medical Action Industries Inc. (NASDAQ: MDCI) develops, manufactures, markets and supplies a range of disposable medical products.

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