Twin Disc (NASDAQ:TWIN) Shares Pass Above Two Hundred Day Moving Average of $11.73

Twin Disc, Incorporated (NASDAQ:TWINGet Rating)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.73 and traded as high as $13.04. Twin Disc shares last traded at $13.04, with a volume of 20,147 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Twin Disc in a research report on Saturday. They set a “buy” rating for the company.

Twin Disc Stock Performance

The stock has a 50-day moving average price of $9.77 and a 200 day moving average price of $11.73. The company has a quick ratio of 0.95, a current ratio of 2.52 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $179.74 million, a price-to-earnings ratio of 21.73 and a beta of 1.45.

Twin Disc (NASDAQ:TWINGet Rating) last announced its quarterly earnings results on Thursday, September 1st. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.41. Twin Disc had a return on equity of 7.14% and a net margin of 3.33%. During the same period in the prior year, the business earned ($0.02) earnings per share. On average, analysts forecast that Twin Disc, Incorporated will post 1.17 EPS for the current year.

Hedge Funds Weigh In On Twin Disc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWIN. Gabelli Funds LLC boosted its holdings in Twin Disc by 1.1% in the fourth quarter. Gabelli Funds LLC now owns 300,262 shares of the industrial products company’s stock valued at $3,291,000 after purchasing an additional 3,250 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Twin Disc by 1.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,502,209 shares of the industrial products company’s stock valued at $16,464,000 after acquiring an additional 28,294 shares during the period. SG Capital Management LLC acquired a new stake in shares of Twin Disc in the first quarter valued at approximately $309,000. Victory Capital Management Inc. acquired a new stake in shares of Twin Disc in the first quarter valued at approximately $2,566,000. Finally, Royce & Associates LP boosted its holdings in shares of Twin Disc by 0.8% in the first quarter. Royce & Associates LP now owns 516,587 shares of the industrial products company’s stock valued at $8,596,000 after acquiring an additional 4,270 shares during the period. 56.92% of the stock is owned by institutional investors and hedge funds.

About Twin Disc

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Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. It operates through two segments, Manufacturing and Distribution. The company's products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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