StockNews.com began coverage on shares of Graham (NYSE:GHM – Get Rating) in a report published on Thursday morning. The brokerage issued a buy rating on the industrial products company’s stock.
Separately, TheStreet upgraded Graham from a d rating to a c- rating in a research note on Monday, February 6th.
Graham Price Performance
NYSE GHM opened at $13.85 on Thursday. Graham has a fifty-two week low of $6.51 and a fifty-two week high of $14.66. The business has a fifty day moving average of $12.15 and a 200-day moving average of $10.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.31 and a quick ratio of 1.03.
Hedge Funds Weigh In On Graham
Several institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its stake in Graham by 2.3% during the third quarter. Gamco Investors INC. ET AL now owns 290,769 shares of the industrial products company’s stock worth $2,556,000 after acquiring an additional 6,500 shares during the last quarter. WNY Asset Management LLC acquired a new stake in Graham during the third quarter worth about $92,000. Gabelli Funds LLC increased its stake in Graham by 59.0% during the third quarter. Gabelli Funds LLC now owns 29,655 shares of the industrial products company’s stock worth $261,000 after acquiring an additional 11,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Graham during the third quarter worth about $652,000. Finally, WealthTrust Axiom LLC increased its stake in Graham by 16.8% during the fourth quarter. WealthTrust Axiom LLC now owns 20,688 shares of the industrial products company’s stock worth $199,000 after acquiring an additional 2,981 shares during the last quarter. 64.47% of the stock is currently owned by institutional investors and hedge funds.
Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters, and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.
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