Modine Manufacturing Co. (MOD) Sees Unusually-High Trading Volume
Modine Manufacturing Co. (NYSE:MOD) shares saw unusually-strong trading volume on Friday . Approximately 287,933 shares changed hands during trading, an increase of 136% from the previous session’s volume of 122,031 shares.The stock last traded at $9.95 and had previously closed at $9.64.
Separately, Zacks Investment Research raised Modine Manufacturing from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Saturday, April 23rd.
The stock’s 50 day moving average is $9.42 and its 200-day moving average is $9.58. The firm has a market cap of $475.42 million and a PE ratio of 255.13.
Modine Manufacturing (NYSE:MOD) last posted 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 business earned $347.20 million during the quarter, compared to the consensus estimate of $337.10 million. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $0.14 earnings per share. Equities research analysts forecast 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 raised its stake in Modine Manufacturing Co. (NYSE:MOD) by 195.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.
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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