CIRCOR International (NYSE:CIR) Shares Pass Above 200 Day Moving Average of $20.02

CIRCOR International, Inc. (NYSE:CIRGet Rating)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.02 and traded as high as $26.57. CIRCOR International shares last traded at $25.65, with a volume of 71,904 shares.

Analyst Upgrades and Downgrades

CIR has been the topic of several recent research reports. Citigroup lifted their price objective on shares of CIRCOR International from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, December 9th. KeyCorp lifted their price objective on shares of CIRCOR International from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, November 15th. StockNews.com upgraded shares of CIRCOR International from a “hold” rating to a “buy” rating in a research report on Sunday, November 20th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $30.00 price objective (up from $25.00) on shares of CIRCOR International in a research report on Wednesday, November 16th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

CIRCOR International Price Performance

The company’s 50 day moving average price is $25.15 and its 200-day moving average price is $20.02. The company has a market cap of $522.31 million, a price-to-earnings ratio of -35.14 and a beta of 2.18. The company has a debt-to-equity ratio of 4.11, a quick ratio of 1.51 and a current ratio of 2.29.

CIRCOR International (NYSE:CIRGet Rating) last announced its quarterly earnings data on Monday, November 14th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.33. The company had revenue of $195.36 million for the quarter, compared to analysts’ expectations of $190.05 million. CIRCOR International had a negative net margin of 1.86% and a positive return on equity of 26.45%. On average, equities research analysts forecast that CIRCOR International, Inc. will post 1.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Teton Advisors Inc. increased its position in shares of CIRCOR International by 3.5% in the third quarter. Teton Advisors Inc. now owns 74,766 shares of the industrial products company’s stock worth $1,233,000 after acquiring an additional 2,500 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in CIRCOR International by 74.9% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 69,003 shares of the industrial products company’s stock valued at $1,138,000 after purchasing an additional 29,550 shares in the last quarter. Mutual of America Capital Management LLC grew its position in CIRCOR International by 19.1% during the third quarter. Mutual of America Capital Management LLC now owns 4,051 shares of the industrial products company’s stock valued at $67,000 after purchasing an additional 649 shares in the last quarter. Gabelli Funds LLC grew its position in CIRCOR International by 30.6% during the third quarter. Gabelli Funds LLC now owns 669,887 shares of the industrial products company’s stock valued at $11,046,000 after purchasing an additional 157,018 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in CIRCOR International by 24.1% during the third quarter. Gamco Investors INC. ET AL now owns 1,419,333 shares of the industrial products company’s stock valued at $23,405,000 after purchasing an additional 275,749 shares in the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.

About CIRCOR International

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CIRCOR International, Inc designs, manufactures, and distributes flow and motion control products in Europe, the Middle East, Africa, North America, and internationally. The company has a product portfolio of brands serving its customers' demanding applications. It operates through two segments, Aerospace & Defense and Industrial.

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