It is currently trading at $21.05 a tad higher than the 50 day moving average which is $19.69 and which is quite a bit above the 200 day moving average of $16.34. The 50 day moving average was up $1.36 or +6.91% whereas the 200 day average was up by +28.82%. Trading was heavy with 451K shares changing hands on Tuesday. Volume was up 76.18% over the stocks average daily volume.
Investors are a little more bullish on shares of the company lately if you pay attention to the change in short interest. The stock realized a fall in short interest from September 29, 2017 to October 13, 2017 of -2.66%. Short shares decreased 17,231 over that period. With short interest at 630,824 and short average daily volume at 209,224, days to cover is 3.0 and the short interest percentage is 0.01% as of October 13.
Modine Manufacturing Company (NYSE:MOD) has been the object of insider selling activity recently. President and CEO Thomas Andrew Burke sold 84,980 shares at an average price of $16.19 on Thu the 31st. The President and CEO now owns $7,451,690 of the stock as recorded in a recent Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. Howe & Rusling Inc divested its holdings by shedding 55 shares a decrease of 28.2% from 06/30/2017 to 09/30/2017. Howe & Rusling Inc claims 140 shares with a value of $3,000. The total value of its holdings decreased 0.0%. As of the end of the quarter Kirr Marbach & Co LLC /in/ had bought a total of 25 shares growing its holdings by 0.1%. The value of the total investment in Modine Manufacturing Company increased from $529,000 to $615,000 a change of 16.3% for the reporting period.
As of quarter end Nationwide Fund Advisors had disposed of 17,800 shares trimming its stake by 13.3%. The value of the investment in (MOD) went from $2,218,000 to $2,237,000 increasing 0.9% quarter over quarter. As of the end of the quarter Victory Capital Management Inc had disposed of 46,209 shares trimming its position 2.8%. The value of the investment in MOD went from $27,509,000 to $31,108,000 a change of $3,599,000 since the last quarter.
The company currently has a P/E ratio of 45.76 and market cap is 1.06B. In the last earnings report the EPS was $0.46 and is expected to be $1.43 for the current year with 50,122,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.35 and the next full year EPS is anticipated to be $1.69.
Modine Manufacturing Company, launched on June 23, 1916, specializes in providing thermal management solutions. The Company is a provider of engineered heat transfer systems and heat transfer components for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and for sale into an array of building, industrial and refrigeration markets. The Business’s products include radiators and radiator cores, condensers, oil coolers, charge air coolers, heat-transfer modules and assemblies, exhaust gas recirculation (EGR) coolers, building heating, ventilating and air conditioning (HVAC) equipment, and coils. Its segments include Americas, Europe, Asia and Building HVAC..