Masimo was downgraded to hold from buy at TheStreet Ratings last Monday. TheStreet Ratings gives Masimo a C+ grade. The stock closed Friday at $20.18 and has risen 7.57% year to date.
It may be a second-tier brand, but it is still a profitable one that also happens to be asset-rich.
Ruby Tuesday CEO James Buettgen is resigning from the company effective immediately, as the company reported lower-than-expected preliminary fiscal 2017 first quarter results.