Columbus McKinnon (NASDAQ:CMCO – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Columbus McKinnon Price Performance
Shares of NASDAQ:CMCO opened at $37.39 on Friday. The business’s 50 day moving average is $37.55 and its 200-day moving average is $35.37. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.07 billion, a PE ratio of 70.55 and a beta of 1.24. Columbus McKinnon has a 1-year low of $29.26 and a 1-year high of $45.84.
Insider Activity
In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of $37.34 per share, with a total value of $37,340.00. Following the acquisition, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO David J. Wilson bought 31,300 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $32.02 per share, for a total transaction of $1,002,226.00. Following the acquisition, the chief executive officer now directly owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Columbus McKinnon Company Profile
Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.
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