Modine Manufacturing Co (NYSE:MOD) shares, rose in value, with the stock price down by -2.89% to the previous day’s close as strong demand from buyers drove the stock to $77.08.
Actively observing the price movement in the recent trading, the stock is buoying the session at $79.37. The PE ratio was 25.93 over 12-month period. Referring to stock’s 52-week performance, its high was $146.84, and the low was $72.49. On the whole, MOD has fluctuated by -21.75% over the past month.
With the market capitalization of Modine Manufacturing Co currently standing at about $4.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.58B, with a low estimate of 622.1M and a high estimate of 649M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 634.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MOD’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.16, with the price of MOD currently trading nearly -12.87% and -27.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.80, while the 7-day volatility ratio is showing 9.60% which for the 30-day chart, stands at 7.42%. Furthermore, Modine Manufacturing Co (MOD)’s beta value is 2.20, and its average true range (ATR) is 6.78.
A comparison of Modine Manufacturing Co (MOD) with its peers suggests the former has fared considerably weaker in the market. MOD showed an intraday change of -2.89% in today’s session so far, and over the past year, it shrunk by -15.89%%. Additionally, there is a gain of 5.76%% for Commercial Vehicle Group Inc. (CVGI) in recent trading while the stock has seen an overall depriciation of -67.42%% over the past year.
Data on historical trading for Modine Manufacturing Co (NYSE:MOD) indicates that the trading volumes over the past 3 months, they’ve averaged 1.23 million. According to company’s latest data on outstanding shares, there are 52.50 million shares outstanding.
Nearly 1.98% of Modine Manufacturing Co’s shares belong to company insiders and institutional investors own 105.92% of the company’s shares. The stock has fallen by -33.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MOD stock heading into the next quarter.
