MMSI
Merit Medical Systems, Inc. Healthcare - Medical Instruments & Supplies Investor Relations →
Merit Medical Systems, Inc. (MMSI) closed at $66.71 as of 2026-03-20, trading 17.0% below its 200-week moving average of $80.33. This places MMSI in the extreme value zone. The stock is currently moving closer to the line, down from -12.9% last week. With a 14-week RSI of 11, MMSI is in oversold territory.
Trading volume is running at 1.8x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.87 ratio) is neutral — neither side is clearly dominating.
Over the past 1822 weeks of data, MMSI has crossed below its 200-week moving average 41 times. On average, these episodes lasted 15 weeks. Historically, investors who bought MMSI at the start of these episodes saw an average one-year return of +25.7%.
With a market cap of $4.0 billion, MMSI is a mid-cap stock. The company generates a free cash flow yield of 4.5%. Return on equity stands at 8.7%. The stock trades at 2.5x book value.
Share count has increased 3.7% over three years, indicating dilution.
Over the past 33.2 years, a hypothetical investment of $100 in MMSI would have grown to $2941, compared to $2683 for the S&P 500. That represents an annualized return of 10.7% vs 10.4% for the index — confirming MMSI as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 47.6% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: MMSI vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After MMSI Crosses Below the Line?
Across 40 historical episodes, buying MMSI when it crossed below its 200-week moving average produced an average return of +24.9% after 12 months (median +18.0%), compared to +17.9% for the S&P 500 over the same periods. 75% of those episodes were profitable after one year. After 24 months, the average return was +49.3% vs +30.3% for the index.
Each line shows $100 invested at the moment MMSI crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
MMSI has crossed below its 200-week MA 41 times with an average 1-year return of +25.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1992 | May 1995 | 160 | 48.0% | -38.9% | +2473.7% |
| Jul 1995 | Jul 1995 | 3 | 4.6% | +25.9% | +3094.9% |
| Oct 1995 | Dec 1995 | 9 | 10.5% | +25.5% | +3533.4% |
| Jun 1997 | Jun 1997 | 1 | 2.1% | +26.4% | +3396.3% |
| Aug 1997 | Sep 1997 | 3 | 2.2% | -2.8% | +3363.7% |
| Nov 1997 | Apr 1998 | 22 | 19.2% | -9.3% | +3331.6% |
| Aug 1998 | Sep 1999 | 55 | 32.5% | -9.1% | +3269.2% |
| Sep 1999 | Dec 1999 | 12 | 16.2% | +1.0% | +3643.5% |
| Jan 2000 | Jan 2000 | 1 | 0.9% | -26.5% | +3179.7% |
| Apr 2000 | Apr 2001 | 51 | 36.4% | +49.9% | +4419.6% |
| May 2001 | May 2001 | 1 | 3.5% | +291.5% | +3606.1% |
| Oct 2004 | Nov 2004 | 6 | 11.6% | +20.2% | +701.8% |
| Mar 2005 | Apr 2005 | 4 | 4.4% | +12.9% | +589.7% |
| Oct 2005 | Feb 2006 | 16 | 13.7% | +24.0% | +567.1% |
| Feb 2006 | Oct 2006 | 33 | 24.0% | -10.8% | +486.8% |
| Jan 2007 | Jan 2007 | 1 | 0.2% | +6.9% | +455.9% |
| Feb 2007 | Nov 2007 | 40 | 26.7% | +8.0% | +451.5% |
| Nov 2008 | Nov 2008 | 1 | 7.9% | +28.9% | +526.5% |
| Feb 2009 | Apr 2009 | 11 | 31.9% | +20.4% | +498.6% |
| May 2009 | Jun 2009 | 3 | 5.4% | +9.5% | +476.3% |
| Feb 2010 | Mar 2010 | 6 | 7.2% | +23.7% | +478.7% |
| May 2010 | May 2010 | 1 | 3.4% | +58.8% | +465.7% |
| May 2010 | Jun 2010 | 2 | 2.2% | +55.3% | +445.4% |
| Nov 2010 | Dec 2010 | 5 | 2.7% | +9.2% | +440.8% |
| Jan 2011 | Feb 2011 | 5 | 5.8% | +6.2% | +442.5% |
| Aug 2011 | Aug 2011 | 1 | 3.8% | +10.3% | +419.5% |
| Sep 2011 | Sep 2011 | 1 | 2.2% | +12.2% | +408.8% |
| Sep 2011 | Dec 2011 | 11 | 6.3% | +13.6% | +407.7% |
| Dec 2011 | Jan 2012 | 3 | 3.6% | +0.7% | +398.6% |
| Feb 2012 | Jun 2012 | 20 | 14.3% | +4.9% | +398.6% |
| Jul 2012 | Jul 2012 | 1 | 0.4% | -2.3% | +399.3% |
| Nov 2012 | Dec 2012 | 8 | 3.7% | +18.9% | +403.1% |
| Feb 2013 | Jul 2013 | 23 | 28.8% | +28.1% | +468.7% |
| Aug 2013 | Oct 2013 | 9 | 8.7% | -4.1% | +406.9% |
| Apr 2014 | May 2014 | 5 | 8.8% | +41.5% | +394.1% |
| Jul 2014 | Oct 2014 | 12 | 13.1% | +98.1% | +417.1% |
| Aug 2019 | May 2020 | 41 | 38.6% | +22.0% | +81.9% |
| Jun 2020 | Jun 2020 | 3 | 0.1% | +48.0% | +59.3% |
| Sep 2020 | Oct 2020 | 3 | 5.0% | +69.8% | +58.1% |
| Jun 2022 | Jun 2022 | 1 | 1.7% | +60.2% | +28.3% |
| Feb 2026 | Ongoing | 4+ | 17.0% | Ongoing | -13.6% |
| Average | 15 | — | +25.7% | — |
Frequently Asked Questions
Is MMSI below its 200-week moving average?
Yes. As of 2026-03-20, Merit Medical Systems, Inc. (MMSI) is trading 17.0% below its 200-week moving average of $80.33. The current price is $66.71.
What is MMSI's 200-week moving average price?
Merit Medical Systems, Inc.'s 200-week moving average is $80.33 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when MMSI drops below its 200-week moving average?
MMSI has crossed below its 200-week moving average 41 times in our data. On average, buying at that moment produced a one-year return of +25.7%. These dips have historically been decent entry points. These episodes lasted 15 weeks on average.
Is MMSI a good value right now?
Here's what our data says about MMSI as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 11 (oversold). Free cash flow yield is 4.5%. Return on equity is 8.7%. Price-to-book is 2.5x. This is not a buy or sell recommendation — always do your own research.
How does MMSI compare to the S&P 500?
Over the past 33.2 years, $100 invested in MMSI would have grown to $2941, compared to $2683 for the S&P 500. That's 10.7% annualized vs 10.4% for the index. MMSI has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20