Modine Manufacturing Co. (MOD) Trading Up 4.4%
Shares of Modine Manufacturing Co. (NYSE:MOD) were up 4.4% during mid-day trading on Thursday . The stock traded as high as $10.80 and last traded at $10.80, with a volume of 92,472 shares changing hands. The stock had previously closed at $10.34.
Separately, Zacks Investment Research downgraded shares of Modine Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st.
The stock’s 50 day moving average is $9.90 and its 200 day moving average is $9.96. The stock has a market cap of $508.39 million and a P/E ratio of 272.82.
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, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.03. The firm had revenue of $347.20 million for the quarter, compared to the consensus estimate of $337.10 million. Modine Manufacturing’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 earnings per share. On average, analysts anticipate that Modine Manufacturing Co. will post $0.84 earnings per share 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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