Modine Manufacturing Company (NYSE:MOD) finished Friday with an addition of $0.09 to close at $46.25, an upside of 0.19 percent. An average of 810,620 shares of common stock have been traded in the last five days. There was a gain of $1.75 in the past week, and it reached a new high 42 times over the past 12 months. The last 20 days have seen an average of 710,745 shares traded, while the 50-day average volume stands at 632,366.
MOD stock has increased by 26.12% in the last month. The company shares reached their 1-month lowest point of $33.80 on 07/12/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $12.85 and a high of $47.48 in 52 weeks. It has reached a new high 31 times so far this year and achieved 132.88% or $26.39 in price. In spite of this, the price is down -2.59% from the 52-week high.
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Insider Transactions
MOD stock investors should be aware that Modine Manufacturing Company (MOD) stock had its last reported insider trading activity 51 days ago on Jun 22. In this transaction, the insider spent $560,278. EVP, CFO, Lucareli Michael B, disposed of 15,255 shares at a price of $30.13 on Jun 02. The insider now owns more than $459,622 worth of shares. Prior to that, Director Yan Christine Y went on to Sale 1,700 shares at $29.88 each on Jun 02. An amount of $50,802 was transacted.
Valuation Metrics
Modine Manufacturing Company (MOD) has a trailing price-to-earnings (P/E) ratio of 15.99. The stock’s beta is 2.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.02, the price-to-book (PB) ratio at 4.10, and the price-to-cash flow ratio at 86.28.
Financial Health
The quick ratio of Modine Manufacturing Company for the three months ended June 29 was 1.00, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.59 for the quarter ending June 29. Modine Manufacturing Company’s EBITDA margin for the year ending June 29 is 9.18%, while its operating margin for the same period stands at 5.30%. Its gross profit as reported stood at $389.4 million compared to revenue of $2.3 billion.
Earnings Surprise
For the three-month period that ended June 29, Modine Manufacturing Company had $330.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $44.8 million in the quarter, while revenues were grew 81.25%. The analyst consensus anticipated Modine Manufacturing Company’s latest quarter earnings to come in at $0.44 per share, but it turned out to be $0.85, a 93.20% surprise. For the quarter, EBITDA amounted to $80.2 million. Shareholders own equity worth $52.28 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Modine Manufacturing Company (MOD) price momentum. RSI 9-day as of the close on 11 August was 81.53%, suggesting the stock is Overbought, with historical volatility in this time frame at 59.15%.
As of today, MOD’s price is $45.86 +3.93% or $1.75 from its 5-day moving average. MOD is currently trading +22.71% higher than its 20-day SMA and +111.57% higher than its 100-day SMA. However, the stock’s current price level is +69.48% above the SMA50 and +198.19% above the SMA200.
The stochastic %K and %D were 91.45% and 92.97%, respectively, and the average true range (ATR) was 1.87. With the 14-day stochastic at 90.05% and the average true range at 1.75, the RSI (14) stands at 79.25%. The stock has reached 2.72 on the 9-day MACD Oscillator while the 14-day reading was at 5.40.
Analyst Ratings
The consensus rating for Modine Manufacturing Company (MOD) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MOD, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is MOD’s price target for the next 12 months?
Analysts predict a range of price targets between $45.00 and $57.00, with a median target of $51.50. Taking a look at these predictions, the average price target given by analysts for Modine Manufacturing Company (MOD) stock is $51.25.
