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. Yahoo Finance discussed the stock recently as it posted Bosch Rexroth and Modine Partner On Thermal Management For Electrified Off-Highway Machinery.
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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 $64.74 and fluctuated between $64.89 as its day high and $63.40 as its day low. The current market capitalization of Modine Manufacturing Co. is $3.38B. A total of 0.61 million shares were traded on the day, compared to an average of 675.03K 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 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 26,622 shares. Over the last 12 months, there were 19 BUYs and 35 SELLs from insiders. Insiders purchased 140,748 shares during that period but sold 203,066.
In the most recent transaction, Lucareli Michael B sold 20,000 shares of MOD for 55.00 per share on Dec 14. After the transaction, the EVP, CFO now owns 194,587 company shares. In a previous transaction on Dec 08, Patterson Christopher William sold 6,400 shares at 53.04 per share. MOD shares that Director owns now total 111,742.
Among the insiders who sold shares, Lucareli Michael B disposed of 60,000 shares on Nov 20 at a per-share price of $50.29. This resulted in the EVP, CFO holding 214,587 shares of MOD after the transaction. In another insider transaction, WILLIAMS MARSHA C sold 17,286 shares at $44.63 per share on Aug 15. Company shares held by the Director now total 172,074.
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 $66.75 with high estimates of $80.00 and low estimates of $50.00. In terms of 52-week highs and lows, MOD has a high of $64.37 and a low of $19.41.
As of this writing, MOD has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.63 per share and a lower estimate of $0.54. The company reported an EPS of $0.85 in the last quarter, which was 93.20% higher than expectations of $0.44.
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. MOD’s latest balance sheet shows that the firm has $45.20M in Cash & Short Term Investments as of fiscal 2022. There were $377.80M in debt and $494.50M in liabilities at the time. Its Book Value Per Share was $12.80, while its Total Shareholder’s Equity was $458.10M.
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, 0 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.
