Modine Manufacturing Co. (MOD) Sees Large Volume Increase
Shares of Modine Manufacturing Co. (NYSE:MOD) saw strong trading volume on Friday . 199,572 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 113,995 shares.The stock last traded at $10.40 and had previously closed at $10.26.
Separately, Zacks Investment Research upgraded shares of Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
The firm has a 50-day moving average price of $9.69 and a 200-day moving average price of $9.86. The stock has a market capitalization of $496.92 million and a price-to-earnings ratio of 266.67.
Modine Manufacturing (NYSE:MOD) last released its earnings results on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company earned $347.20 million during the quarter, compared to analyst estimates of $337.10 million. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. Equities research analysts anticipate that Modine Manufacturing Co. will post $0.84 EPS for the current year.
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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