Sun Hydraulics Corp. (NASDAQ:SNHY) shares saw an uptick in trading volume on Tuesday . 177,009 shares were traded during mid-day trading, an increase of 82% from the previous session’s volume of 97,156 shares.The stock last traded at $30.80 and had previously closed at $30.19.

A number of research firms have commented on SNHY. Zacks Investment Research raised shares of Sun Hydraulics Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet cut shares of Sun Hydraulics Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 20th.

The firm has a market cap of $828.70 million and a price-to-earnings ratio of 26.60. The stock has a 50 day moving average of $29.83 and a 200 day moving average of $30.57.

Sun Hydraulics Corp. (NASDAQ:SNHY) last announced its earnings results on Monday, May 9th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.01. The business earned $51.80 million during the quarter, compared to the consensus estimate of $50.07 million. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 earnings per share. Equities analysts expect that Sun Hydraulics Corp. will post $1.10 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, June 28th.

In other Sun Hydraulics Corp. news, Director Christine L. Koski sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $30.85, for a total value of $308,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine L. Koski sold 12,551 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $29.53, for a total value of $370,631.03. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of SNHY. Mutual of America Capital Management LLC increased its stake in shares of Sun Hydraulics Corp. by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 114,556 shares of the company’s stock worth $3,635,000 after buying an additional 684 shares during the period. California State Teachers Retirement System increased its stake in shares of Sun Hydraulics Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 42,079 shares of the company’s stock worth $1,335,000 after buying an additional 689 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Sun Hydraulics Corp. by 0.3% in the fourth quarter. New York State Common Retirement Fund now owns 519,405 shares of the company’s stock worth $16,481,000 after buying an additional 1,800 shares during the period.

Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems.

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