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Wednesday, February 1, 2023

Are Things Looking Up For Modine Manufacturing Company (NYSE: MOD)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Modine Manufacturing Company (MOD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.35, or 1.56%, to $22.74. The Modine Manufacturing Company has recorded 9,552 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Modine To Participate in the CJS Securities 23rd Annual New Ideas for the New Year Conference on January 11, 2023.

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Stocks Info

The company is listed on the NYSE and operates within the Auto Parts industry segment. At the end of the last regular session, the stock closed at $22.39 and fluctuated between $22.83 as its day high and $21.52 as its day low. The current market capitalization of Modine Manufacturing Company is $1.14B. A total of 0.74 million shares were traded on the day, compared to an average of 415.31K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MOD has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 76,880 and the disposition of 62,613 shares. Over the last 12 months, there were 27 BUYs and 31 SELLs from insiders. Insiders purchased 416,262 shares during that period but sold 158,634.

In the most recent transaction, Lucareli Michael B sold 60,000 shares of MOD for 19.58 per share on Nov 07. After the transaction, the EVP, CFO now owns 293,287 company shares. In a previous transaction on Sep 12, Moore Larry Oscar sold 16,700 shares at 15.67 per share. MOD shares that Director owns now total 75,515.

Among the insiders who sold shares, Agen Brian Jon disposed of 941 shares on Jun 02 at a per-share price of $11.59. This resulted in the VP, Human Resources holding 73,350 shares of MOD after the transaction. In another insider transaction, Lucareli Michael B sold 3,783 shares at $11.94 per share on Jun 01. Company shares held by the EVP, CFO now total 274,572.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for MOD in the last 3 months, the mean price target is $23.67 with high estimates of $25.00 and low estimates of $23.00. In terms of 52-week highs and lows, MOD has a high of $22.13 and a low of $7.67.

As of this writing, MOD has an earnings estimate of $0.36 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.37 per share and a lower estimate of $0.36. The company reported an EPS of $0.57 in the last quarter, which was 14.00% higher than expectations of $0.5.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MOD is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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