Graham (NYSE:GHM) Share Price Crosses Above Two Hundred Day Moving Average of $10.37

Graham Co. (NYSE:GHM – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.37 and traded as high as $13.55. Graham shares last traded at $13.21, with a volume of 34,386 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on GHM shares. TheStreet upgraded shares of Graham from a “d” rating to a “c-” rating in a research report on Monday, February 6th. StockNews.com started coverage on shares of Graham in a research report on Thursday, March 16th. They set a “buy” rating on the stock.

Graham Price Performance

The stock has a market cap of $140.55 million, a P/E ratio of -220.17 and a beta of 0.49. The firm’s fifty day moving average price is $12.39 and its 200-day moving average price is $10.37. The company has a quick ratio of 1.03, a current ratio of 1.31 and a debt-to-equity ratio of 0.12.

Graham (NYSE:GHM – Get Rating) last announced its quarterly earnings data on Monday, February 6th. The industrial products company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.13. The business had revenue of $39.87 million during the quarter, compared to analyst estimates of $30.00 million. Graham had a positive return on equity of 0.64% and a negative net margin of 0.38%. During the same quarter last year, the firm posted ($0.27) earnings per share.

Institutional Investors Weigh In On Graham

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. bought a new position in shares of Graham during the 4th quarter valued at approximately $52,000. WNY Asset Management LLC purchased a new position in Graham in the 3rd quarter worth approximately $92,000. Auto Owners Insurance Co purchased a new stake in shares of Graham during the 4th quarter worth approximately $106,000. LPL Financial LLC purchased a new stake in shares of Graham during the 4th quarter worth approximately $114,000. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of Graham during the 4th quarter worth approximately $122,000. 64.47% of the stock is currently owned by institutional investors.

About Graham

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Graham Corp. engages in the design, manufacture, and sale of equipment for the energy, defense, chemical, and petrochemical industries. Its products include surface condensers, ejector, heliflow spiral tube heat exchangers, desuperheaters, and mircromix water heaters. The company was founded on March 7, 1983 and is headquartered in Batavia, NY.