Published On: Thu, Sep 8th, 2016

Modine Manufacturing Co. (MOD) Sees Unusually-High Trading Volume

Shares of Modine Manufacturing Co. (NYSE:MOD) saw unusually-strong trading volume on Wednesday . Approximately 125,675 shares changed hands during trading, an increase of 23% from the previous session’s volume of 102,382 shares.The stock last traded at $11.56 and had previously closed at $11.42.
Separately, Zacks Investment Research cut Modine Manufacturing from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th.

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The stock has a 50-day moving average of $10.23 and a 200-day moving average of $10.11. The firm has a market capitalization of $568.59 million and a P/E ratio of 305.13.
Modine Manufacturing (NYSE:MOD) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. The firm earned $347.20 million during the quarter, compared to the consensus estimate of $337.10 million. During the same quarter in the prior year, the business posted $0.14 EPS. Modine Manufacturing’s revenue was up .3% compared to the same quarter last year. Equities analysts expect that Modine Manufacturing Co. will post $0.84 EPS for the current year.
Modine Manufacturing Company is a developer, manufacturer and marketer of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications and to a range of building, industrial and refrigeration markets. The Company specializes in thermal management systems and components.

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