Modine Manufacturing Co. (MOD) Stock Price Up 3.6%
Shares of Modine Manufacturing Co. (NYSE:MOD) rose 3.6% during mid-day trading on Monday . The stock traded as high as $10.32 and last traded at $10.31, with a volume of 51,852 shares. The stock had previously closed at $9.95.
Separately, Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Saturday, April 23rd.
The company has a 50 day moving average of $9.45 and a 200 day moving average of $9.68. The company has a market capitalization of $485.93 million and a price-to-earnings ratio of 260.77.
Modine Manufacturing (NYSE:MOD) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The firm had revenue of $347.20 million for the quarter, compared to analysts’ expectations of $337.10 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts anticipate that Modine Manufacturing Co. will post $0.84 EPS for the current fiscal year.
A hedge fund recently raised its stake in Modine Manufacturing stock. Nationwide Fund Advisors boosted its position in shares of Modine Manufacturing Co. (NYSE:MOD) by 195.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 118,282 shares of the company’s stock after buying an additional 78,206 shares during the period. Nationwide Fund Advisors owned 0.25% of Modine Manufacturing worth $1,070,000 at the end of the most recent reporting period.
Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components.
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