Modine Manufacturing Company (NYSE:MOD):
Modine Provides Winter Checklist to Help Keep the Heat On.
The company is so far trading down since yesterday’s close of 21.15.
Modine Manufacturing Company, launched on June 23, 1916, specializes in providing thermal management solutions. The Company is a provider of engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Business’s products include radiators and radiator cores, condensers, oil coolers, charge air coolers, heat-transfer modules and assemblies, exhaust gas recirculation (EGR) coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils. Its segments include Americas, Europe, Asia and Building HVAC..
Shares last traded at $20.90 significantly above $18.99, the stock’s 50 day moving average and which is significantly higher than the 200 day moving average of $15.93. The 50 day moving average was up by +10.04% whereas the 200 day moving average was up $4.97 or +31.23%.
The company’s P/E ratio is 45.43 and market cap is 1.05B. As of the last earnings report the EPS was $0.46 and is projected to be $1.43 for the current year with 50,122,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.35 with next year’s EPS anticipated to be $1.69.
Investors are feeling more bullish on shares of the company lately as shown by the downtick in short interest. The firm realized a fall in short interest of -19.21% between September 15, 2017 and September 29, 2017. Short shares decreased 154,126 over that period. Days to cover decreased -1.0 to 3.0 and the percentage of shorted shares is 0.01% as of September 29.