The stock last traded at $21.35 marginally over $19.78, the 50 day moving average and which is impressively higher than the 200 day moving average of $18.10. The 50 day moving average went up by +7.94% and the 200 day average went up by +17.95%. (NASDAQ:TWIN) shares saw heavy trading volume with 39K shares changing hands on Tuesday. Trading volume was up 2.94% over the stocks average daily volume.
Traders are feeling more bullish on the company lately at least if you consider the downtick in short interest. The firm had a fall in short interest of -11.01% as of October 13, 2017 from the last reporting period. Short interest fell from 397,098 to 353,375 over that period. Days to cover increased from 10.0 to 14.0 and the percentage of shorted shares is 0.03% as of October 13.
These firms have modified their investment in TWIN. Neuberger Berman Group LLC reduced its ownership by shedding 22,591 shares a decrease of 3.7%. Neuberger Berman Group LLC claims 591,970 shares valued at $9,554,000. The total value of its holdings decreased 24.4%. As of the end of the quarter Cutler Group LP had acquired 69 shares growing its holdings by 17.3%. The value in dollars went from $0 to $8,000 a change of $8,000 since the last quarter.
Skylands Capital, LLC downsized its investment by selling 15,626 shares a decrease of 17.4% as of 09/30/2017. Skylands Capital, LLC controls 74,400 shares with a value of $1,385,000. The value of the position overall is down by 4.7%. Nationwide Fund Advisors cut its holdings by shedding 1,200 shares a decrease of 18.2% in the quarter. Nationwide Fund Advisors currently owns 5,390 shares worth $100,000. The value of the position overall is down by 5.7%.
In the last earnings report the EPS was $-0.56 and is estimated to be $0.58 for the current year with 11,572,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.10 and the next full year EPS is projected to be $0.50.
Twin Disc, Incorporated, launched on September 12, 1918, designs, manufactures and sells marine and heavy duty off-highway power transmission equipment. The Company operates through two segments: manufacturing and distribution. The Business’s products include marine transmissions, surface drives, propellers and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches and controls systems. Its industrial products include clutches, power take-offs and pump drives sold to the agriculture, recycling, construction, and oil and gas markets. Its land-based transmission products include applications for oilfield and natural gas, military, and airport rescue and firefighting. Its marine and propulsion systems include marine transmission, controls, surface drives, propellers and boat management systems for the global commercial, pleasure craft and patrol boat markets. Its other products include non-Company manufactured product sold through Company-owned distribution entities..