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MTSC - MTS Systems News Story

$58.49 0.0  0.0%

Last Trade - 06/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £805.9m
Enterprise Value £1.14bn
Revenue £581.3m
Position in Universe th / 6846

BUZZ-Cara Therapeutics jumps ahead of S&P SmallCap 600 inclusion

Tue 6th April, 2021 5:03pm
** Shares of skin disease drug developer  CARA.O  jump 14.1%
to $27.19, hit their highest in over 3-1/2 years 
    ** CARA on Thursday will replace MTS Systems Corp  MTC.O  in
the S&P SmallCap 600 index  urn:newsml:reuters.com:*:nPn2BRPzda
    ** High-speed specialty cables maker Amphenol Corp  APH.N  
is acquiring MTC in a $1.7-bln deal that is expected to be
completed soon 
    ** CARA's experimental drug to treat pruritus or itchy skin
is currently under U.S. FDA review, with a decision due in
August 
    ** 5.2 mln CARA shares trade, 9.9x their 50-day moving
average 
    ** Analysts' avg. rating on CARA is "buy", median PT is $36
- Refinitiv data
    ** CARA stock up nearly 80% so far this year

 (Reporting by Manas Mishra in Bengaluru)
 ((Manas.Mishra@thomsonreuters.com;
www.twitter.com/Manasmishra24))
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