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BUZZ-MTS Systems Corp: Biggest intraday pct loss in more than 5 months
November 29, 2016 / 3:21 PM / a year ago

BUZZ-MTS Systems Corp: Biggest intraday pct loss in more than 5 months

** Position sensor maker’s shares fall as much as 10.8 pct to $48.60, biggest intraday percentage loss in more than 5 months

** Slips below 200DMA briefly before recovering slightly

** MTS initiates internal investigation into violations of its code of conduct involving some of the top executives in its China operations

** Violations include association with an independent business that may compete with MTS in certain markets, company says

** Investigation to delay filing of annual report and Q4 results

** Reports preliminary results, raises FY 2016 revenue forecast to $645 million-$650 million from $630 million-$640 million

** Up to Monday’s close, stock had fallen 14.1 pct YTD

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