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In the latest session, Modine Manufacturing Co. (NYSE: MOD) closed at $99.50 up 0.81% from its previous closing price of $98.70. In other words, the price has increased by $0.81 from its previous closing price. On the day, 1.37 million shares were traded. MOD stock price reached its highest trading level at $102.59 during the session, while it also had its lowest trading level at $96.508.
Ratios:
For a deeper understanding of Modine Manufacturing Co.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 86.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.34. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.68 whereas as Long-Term Debt/Eq ratio is at 0.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on March 19, 2024, initiated with a Outperform rating and assigned the stock a target price of $105.
On June 07, 2023, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $40.B. Riley Securities initiated its Buy rating on June 07, 2023, with a $40 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 28 ’24 when Agen Brian Jon sold 16,799 shares for $95.64 per share. The transaction valued at 1,606,584 led to the insider holds 102,409 shares of the business.
Wilson David J. sold 8,000 shares of MOD for $713,768 on Mar 18 ’24. The Director now owns 6,109 shares after completing the transaction at $89.22 per share. On Mar 07 ’24, another insider, Patterson Christopher William, who serves as the Director of the company, sold 14,225 shares for $90.56 each. As a result, the insider received 1,288,243 and left with 97,517 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MOD now has a Market Capitalization of 5213272576 and an Enterprise Value of 5662847488. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.84, and their Forward P/E ratio for the next fiscal year is 22.69. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 6.97. Its current Enterprise Value per Revenue stands at 2.352 whereas that against EBITDA is 18.458.
Stock Price History:
Over the past 52 weeks, MOD has reached a high of $120.11, while it has fallen to a 52-week low of $35.12. The 50-Day Moving Average of the stock is -1.82%, while the 200-Day Moving Average is calculated to be 28.38%.
Shares Statistics:
For the past three months, MOD has traded an average of 862.85K shares per day and 942850 over the past ten days. A total of 52.40M shares are outstanding, with a floating share count of 51.40M. Insiders hold about 1.90% of the company’s shares, while institutions hold 102.17% stake in the company. Shares short for MOD as of 1721001600 were 3368389 with a Short Ratio of 3.90, compared to 1718323200 on 3064466. Therefore, it implies a Short% of Shares Outstanding of 3368389 and a Short% of Float of 7.33.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.37.
