The stock of Modine Manufacturing Co. (NYSE: MOD) has increased by 9.02 when compared to last closing price of 116.95.Despite this, the company has seen a gain of 15.06% in its stock price over the last five trading days. prnewswire.com reported 2024-09-17 that Critical Cooling Specialists introduces global CDU to serve increasing demand for liquid cooling in data centers. RACINE, Wis.
Is It Worth Investing in Modine Manufacturing Co. (NYSE: MOD) Right Now?
The price-to-earnings ratio for Modine Manufacturing Co. (NYSE: MOD) is above average at 41.63x, Company’s 36-month beta value is 2.23.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MOD is 51.35M, and currently, short sellers hold a 6.93% ratio of that floaft. The average trading volume of MOD on September 20, 2024 was 793.46K shares.
MOD’s Market Performance
The stock of Modine Manufacturing Co. (MOD) has seen a 15.06% increase in the past week, with a 17.92% rise in the past month, and a 35.81% gain in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are at 5.60% for MOD. The simple moving average for the last 20 days is 15.16% for MOD’s stock, with a simple moving average of 42.36% for the last 200 days.
Analysts’ Opinion of MOD
Many brokerage firms have already submitted their reports for MOD stocks, with B. Riley Securities repeating the rating for MOD by listing it as a “Buy.” The predicted price for MOD in the upcoming period, according to B. Riley Securities is $140 based on the research report published on August 01, 2024 of the current year 2024.
Oppenheimer gave a rating of “Outperform” to MOD, setting the target price at $105 in the report published on March 19th of the current year.
MOD Trading at 18.19% from the 50-Day Moving Average
After a stumble in the market that brought MOD to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.89% of gains for the given period.
Volatility was left at 5.60%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +13.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.67% upper at present.
During the last 5 trading sessions, MOD rose by +15.06%, which changed the moving average for the period of 200-days by +146.19% in comparison to the 20-day moving average, which settled at $111.49. In addition, Modine Manufacturing Co. saw 113.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MOD starting from WILLIAMS MARSHA C, who sale 34,400 shares at the price of $109.74 back on Aug 15 ’24. After this action, WILLIAMS MARSHA C now owns 144,038 shares of Modine Manufacturing Co., valued at $3,775,072 using the latest closing price.
WILLIAMS MARSHA C, the Director of Modine Manufacturing Co., proposed sale 34,400 shares at $110.00 during a trade that took place back on Aug 15 ’24, which means that WILLIAMS MARSHA C is holding shares at $3,784,000 based on the most recent closing price.
Stock Fundamentals for MOD
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.23 for the gross margin
The net margin for Modine Manufacturing Co. stands at 0.07. The total capital return value is set at 0.2. Equity return is now at value 23.00, with 9.44 for asset returns.
Based on Modine Manufacturing Co. (MOD), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 10.39.
Currently, EBITDA for the company is 309.4 million with net debt to EBITDA at 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 2.92. The receivables turnover for the company is 5.45for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
In a nutshell, Modine Manufacturing Co. (MOD) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
