Columbus McKinnon (NASDAQ:CMCO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.48 and traded as high as $17.72. Columbus McKinnon shares last traded at $17.67, with a volume of 154,841 shares traded.

Analyst Ratings Changes

A number of analysts have weighed in on CMCO shares. CJS Securities raised shares of Columbus McKinnon to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen raised Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Columbus McKinnon in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Columbus McKinnon currently has a consensus rating of “Hold” and an average target price of $35.00.

Columbus McKinnon Stock Down 0.7%

The stock has a 50-day moving average price of $16.32 and a 200-day moving average price of $15.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.81 and a quick ratio of 0.99. The company has a market capitalization of $507.66 million, a P/E ratio of 126.22 and a beta of 1.30.

Columbus McKinnon (NASDAQ:CMCO) last released its earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share for the quarter. The business had revenue of $166.55 million during the quarter. Columbus McKinnon had a net margin of 0.41% and a return on equity of 7.33%. On average, research analysts predict that Columbus McKinnon Corporation will post 2.69 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, November 7th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, November 7th. Columbus McKinnon’s dividend payout ratio (DPR) is currently 200.00%.

Institutional Trading of Columbus McKinnon

A number of institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Columbus McKinnon during the 2nd quarter worth approximately $308,000. American Century Companies Inc. bought a new position in Columbus McKinnon during the first quarter worth $391,000. Savant Capital LLC acquired a new stake in Columbus McKinnon in the second quarter worth $320,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Columbus McKinnon in the second quarter valued at $1,480,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Columbus McKinnon during the second quarter valued at about $869,000. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.