Trading Day Review: Modine Manufacturing Co. (MOD) Loses Momentum, Closing at 102.30

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The price of Modine Manufacturing Co. (NYSE: MOD) closed at $102.30 in the last session, down -1.78% from day before closing price of $104.15. In other words, the price has decreased by -$1.78 from its previous closing price. On the day, 0.71 million shares were traded. MOD stock price reached its highest trading level at $107.67 during the session, while it also had its lowest trading level at $101.54.

Ratios:

We take a closer look at MOD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 89.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.50. 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.

On March 19, 2024, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $105.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 5359977984 and an Enterprise Value of 5906145280. As of this moment, Modine’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.76, and their Forward P/E ratio for the next fiscal year is 23.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 7.17. Its current Enterprise Value per Revenue stands at 2.453 whereas that against EBITDA is 19.251.

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 1.01%, while the 200-Day Moving Average is calculated to be 31.09%.

Shares Statistics:

According to the various share statistics, MOD traded on average about 868.99K shares per day over the past 3-months and 874150 shares per day over the past 10 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 102.18% stake in the company. Shares short for MOD as of 1721001600 were 3368389 with a Short Ratio of 3.88, 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.

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