Merit Medical (MMSI) Hits 52-Week High: What's Aiding It?

Shares of Merit Medical Systems, Inc. (MMSI) scaled a new 52-week high of $86.44 on Jun 28, before closing the session slightly lower at$85.95. Over the past year, this Zacks Rank #3 (Hold) stock has gained 4.2% against the 2.2% decline of the industry. The S&P 500 has witnessed 23.7% growth in the said time frame. Over the past five years, the company registered earnings growth of 15.2% compared with the industry's 12.9% rise. The company's long-term expected growth rate of 10.8% compares with the industr ...