Graham (NYSE:GHM) Stock Price Passes Above 200-Day Moving Average of $18.12

Graham Co. (NYSE:GHMGet Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.12 and traded as high as $24.50. Graham shares last traded at $24.00, with a volume of 41,843 shares traded.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered shares of Graham from a “b-” rating to a “c” rating in a report on Monday, November 6th.

View Our Latest Research Report on GHM

Graham Trading Up 1.1 %

The stock’s fifty day moving average price is $20.78 and its two-hundred day moving average price is $18.21. The firm has a market capitalization of $256.78 million, a price-to-earnings ratio of 91.20 and a beta of 0.53.

Graham (NYSE:GHMGet Free Report) last announced its quarterly earnings data on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. Graham had a net margin of 1.52% and a return on equity of 2.73%. The business had revenue of $43.82 million for the quarter, compared to analyst estimates of $37.88 million. During the same period last year, the business earned $0.03 EPS. Analysts anticipate that Graham Co. will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

Several hedge funds and other institutional investors have recently bought and sold shares of GHM. Royal Bank of Canada grew its position in Graham by 8.9% during the 4th quarter. Royal Bank of Canada now owns 7,434 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 610 shares during the last quarter. Gabelli Funds LLC grew its position in Graham by 3.4% during the 1st quarter. Gabelli Funds LLC now owns 30,655 shares of the industrial products company’s stock worth $401,000 after purchasing an additional 1,000 shares during the last quarter. WealthTrust Axiom LLC grew its position in Graham by 3.6% during the 3rd quarter. WealthTrust Axiom LLC now owns 43,440 shares of the industrial products company’s stock worth $721,000 after purchasing an additional 1,500 shares during the last quarter. BlackRock Inc. grew its position in Graham by 0.9% during the 1st quarter. BlackRock Inc. now owns 181,011 shares of the industrial products company’s stock worth $2,368,000 after purchasing an additional 1,539 shares during the last quarter. Finally, State Street Corp grew its position in Graham by 4.8% during the 1st quarter. State Street Corp now owns 36,093 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 1,666 shares during the last quarter. 68.84% of the stock is currently owned by institutional investors and hedge funds.

About Graham

(Get Free Report)

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.

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