It is trading at $34.07 which is just over $31.68, the 50 day moving average and which is impressively higher than the 200 day moving average of $30.89. The 50 day moving average went up by +7.54% whereas the 200 day average was up by +10.31%. Trading volume for Ducommun Incorporated was 335 on Tuesday. Volume was down 99.30% under the stocks average daily volume.
Traders are feeling more bearish on shares of the company recently as shown by the rise in short interest. The stock saw a rise in short interest of 9.64% as of the latest report on September 29, 2017. Short interest grew 19,727 over that period. With short interest at 224,309 and short average daily volume at 45,655, the short-interest ratio is 5.0 and the percentage of shorted shares was 0.02% on September 29.
There has been some selling insider activity on Ducommun Incorporated (NYSE:DCO) recently. Anthony J. Reardon, Director disclosed the sale of 9,872 shares of (DCO). The shares were sold on September 18th for a price of $28.98. The Director now owns $3,119,117 of the stock according to the SEC filing. Anthony J. Reardon, Director let go of $28,910 worth of shares at an average price of $28.91 on Thu the 14th. Reardon now owns $2,617,049 of stock as recorded in a recent Form 4 SEC filing.
Anthony J. Reardon, Director disclosed the sale of 3,300 shares of DCO stock. The shares sold for $27.53. Reardon now owns $3,502,477 of the stock per the Form 4 SEC filing.
A few notable investment firms have updated their holdings. As of quarter end James Investment Research Inc had sold 350 shares trimming its stake by 0.6%. The value of the company’s investment in Ducommun Incorporated went from $1,918,000 to $1,935,000 a change of $17,000 quarter to quarter. As of the end of the quarter Acadian Asset Management LLC had disposed of a total of 1,175 shares trimming its holdings by 1.4%. The value of the investment in (DCO) increased from $2,708,000 to $2,710,000 a change of 0.1% since the last quarter.
Meeder Asset Management Inc expanded its position by buying 166 shares an increase of 78.3% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc now holds 378 shares worth $12,000. The value of the position overall is up by 71.4%. As of quarter end Ingalls & Snyder LLC had acquired 1,065 shares growing its position 0.4%. The value in dollars went from $8,142,000 to $8,297,000 increasing 1.9% quarter over quarter.
The P/E ratio is 28.34 and market capitalization is 385.64M. In the last earnings report the EPS was $1.20 and is estimated to be $1.32 for the current year with 11,319,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.43 with next year’s EPS projected to be $1.94.
Ducommun Incorporated, launched on April 10, 1970, is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions. The Company operates through two segments: Electronic Systems (ES) and Structural Systems (SS)..