Modine Manufacturing Co. (MOD) Shares Up 3.1%
Modine Manufacturing Co. (NYSE:MOD) rose 3.1% on Thursday . The stock traded as high as $11.05 and last traded at $11.04, with a volume of 78,756 shares trading hands. The stock had previously closed at $10.71.
Separately, Zacks Investment Research upgraded Modine Manufacturing from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th.
The firm’s 50 day moving average is $10.10 and its 200-day moving average is $10.05. The stock has a market cap of $536.58 million and a P/E ratio of 287.95.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. Equities research analysts predict that Modine Manufacturing Co. will post $0.84 EPS for the current fiscal 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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