Gorman-Rupp (NYSE:GRC) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Gorman-Rupp Company (The) (NYSE:GRC) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $44.98 and traded as high as $54.26. Gorman-Rupp shares last traded at $53.8550, with a volume of 80,319 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GRC shares. Weiss Ratings restated a “buy (b)” rating on shares of Gorman-Rupp in a research report on Wednesday, October 8th. Wall Street Zen raised Gorman-Rupp from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Gorman-Rupp Price Performance

The stock has a 50-day simple moving average of $48.51 and a 200 day simple moving average of $44.98. The company has a market cap of $1.42 billion, a PE ratio of 28.20, a P/E/G ratio of 1.83 and a beta of 1.31. The company has a quick ratio of 1.25, a current ratio of 2.08 and a debt-to-equity ratio of 0.74.

Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Friday, October 24th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.03). Gorman-Rupp had a return on equity of 13.49% and a net margin of 7.41%.The business had revenue of $172.83 million for the quarter, compared to analyst estimates of $174.61 million. Equities analysts expect that Gorman-Rupp Company will post 1.98 EPS for the current year.

Hedge Funds Weigh In On Gorman-Rupp

Several large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its holdings in Gorman-Rupp by 125.0% in the 2nd quarter. Osaic Holdings Inc. now owns 1,690 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 939 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Gorman-Rupp in the third quarter valued at $65,000. CWM LLC grew its stake in shares of Gorman-Rupp by 47.0% in the third quarter. CWM LLC now owns 1,452 shares of the industrial products company’s stock valued at $67,000 after buying an additional 464 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Gorman-Rupp by 135.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,053 shares of the industrial products company’s stock valued at $75,000 after buying an additional 1,180 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in Gorman-Rupp during the 3rd quarter worth about $108,000. 59.26% of the stock is currently owned by institutional investors and hedge funds.

About Gorman-Rupp

Gorman-Rupp Company is a U.S.-based manufacturer specializing in the design, production and distribution of pumps and pumping systems. Its product lineup includes centrifugal self-priming pumps, submersible pumps, vacuum priming pumps and engineered pumps for applications such as water and wastewater management, sewage handling, dewatering, industrial processing and agricultural irrigation. The company supports both standard pump requirements and custom engineered solutions for original equipment manufacturers (OEMs) and municipal clients.

Headquartered in Mansfield, Ohio, Gorman-Rupp has built a reputation for rugged, reliable equipment and aftermarket support services.