A share price of Modine Manufacturing Co. [MOD] is currently trading at $88.57, up 4.53%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MOD shares have gain 5.62% over the last week, with a monthly amount glided 13.36%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 28, February 2024, Modine Launches New MEW Electric Unit Heaters for Washdown and Corrosive Environments. In a post published today on Yahoo Finance, The new corrosion-resistant solution provides heating for agriculture, food, and petrochemical industries.
From an analyst’s perspective:
Previously, B. Riley Securities started tracking the stock with Buy rating on June 07, 2023, and set its price target to $40. On December 06, 2022, CJS Securities initiated with a Market Outperform rating and assigned a price target of $25 on the stock. DA Davidson upgraded its rating to a Buy but stick to its price target of $11 on November 06, 2020. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $9 on November 11, 2019. Dougherty & Company downgraded its rating to Neutral for this stock on November 08, 2019. In a note dated August 30, 2019, DA Davidson initiated an Neutral rating and provided a target price of $11.50 on this stock.
Modine Manufacturing Co. experienced fluctuations in its stock price throughout the past year between $19.41 and $96.00. Modine Manufacturing Co. [NYSE: MOD] shares were valued at $88.57 at the most recent close of the market.
Analyzing the MOD fundamentals
Trailing Twelve Months sales for Modine Manufacturing Co. [NYSE:MOD] were 2.42B which represents 0.25% growth. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.34 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 85.83 points at the first support level, and at 83.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 90.14, and for the 2nd resistance point, it is at 91.70.
Modine Manufacturing Co. [MOD] reported earnings per share of $0.74 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0.15 and a surprise factor of 25.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.89 per share as compared to estimates of $0.64 per share, a difference of $0.25 representing a surprise of 39.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Modine Manufacturing Co. [NYSE:MOD] is 1.93. Also, the Quick Ratio is 1.21, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 1.91, the price to book ratio is 6.36 and price to earnings (TTM) ratio is 20.87.
Transactions by insiders
Recent insider trading involved Patterson Christopher William, Director, that happened on Mar 07 ’24 when 14225.0 shares were sold. EVP, CFO, Lucareli Michael B completed a deal on Feb 29 ’24 to sell 82312.0 shares. Meanwhile, EVP, CFO Lucareli Michael B sold 20000.0 shares on Dec 14 ’23.
