Modine Manufacturing Co. (MOD) Trading 3.1% Higher
Modine Manufacturing Co. (NYSE:MOD) traded up 3.1% during trading on Thursday . The company traded as high as $11.05 and last traded at $11.04, with a volume of 78,756 shares changing 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 stock’s 50 day moving average price is $10.05 and its 200-day moving average price is $10.04. The firm has a market capitalization of $530.37 million and a P/E ratio of 284.62.
Modine Manufacturing (NYSE:MOD) last posted its earnings results on Tuesday, August 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. The firm 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 quarter last year, the firm posted $0.14 EPS. Equities research analysts expect 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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