Modine Manufacturing Co. (MOD) Trading 4.4% Higher
Shares of Modine Manufacturing Co. (NYSE:MOD) traded up 4.4% on Thursday . The company traded as high as $10.80 and last traded at $10.80, with a volume of 92,472 shares. The stock had previously closed at $10.34.
Separately, Zacks Investment Research raised 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 of $9.85 and a 200-day moving average of $9.95. The firm has a market capitalization of $516.03 million and a price-to-earnings ratio of 276.92.
Modine Manufacturing (NYSE:MOD) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.03. The firm earned $347.20 million during 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 quarter in the prior year, the company earned $0.14 EPS. Equities analysts forecast that Modine Manufacturing Co. will post $0.84 earnings per share 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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