Graham (NYSE:GHM) Shares Pass Above 200-Day Moving Average of $8.92

Shares of Graham Co. (NYSE:GHMGet Rating) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.92 and traded as high as $10.05. Graham shares last traded at $9.84, with a volume of 17,308 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Litchfield Hills Research restated a “buy” rating on shares of Graham in a research note on Wednesday, November 9th. StockNews.com upgraded Graham from a “hold” rating to a “buy” rating in a research note on Wednesday, December 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Graham presently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Graham Stock Up 2.6 %

The company has a market capitalization of $104.41 million, a PE ratio of -22.36 and a beta of 0.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.43 and a quick ratio of 1.13. The company has a 50-day moving average of $9.84 and a two-hundred day moving average of $8.92.

Graham (NYSE:GHMGet Rating) last released its earnings results on Monday, November 7th. The industrial products company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $38.14 million for the quarter, compared to the consensus estimate of $37.00 million. Graham had a negative return on equity of 2.73% and a negative net margin of 3.28%. Sell-side analysts anticipate that Graham Co. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Graham

Institutional investors and hedge funds have recently bought and sold shares of the business. WNY Asset Management LLC bought a new stake in Graham during the third quarter valued at about $92,000. Gabelli Funds LLC raised its holdings in Graham by 59.0% during the third quarter. Gabelli Funds LLC now owns 29,655 shares of the industrial products company’s stock valued at $261,000 after acquiring an additional 11,000 shares during the period. Cooper Haims Advisors LLC raised its holdings in Graham by 24.0% during the second quarter. Cooper Haims Advisors LLC now owns 35,195 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 6,808 shares during the period. State Street Corp raised its holdings in Graham by 4.8% during the first quarter. State Street Corp now owns 36,093 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 1,666 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in Graham by 29.6% during the third quarter. Moors & Cabot Inc. now owns 44,197 shares of the industrial products company’s stock valued at $388,000 after acquiring an additional 10,104 shares during the period. 64.47% of the stock is owned by institutional investors.

Graham Company Profile

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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.

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