Graham (NYSE:GHM) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Graham Co. (NYSE:GHM) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.46 and traded as high as $44.25. Graham shares last traded at $44.00, with a volume of 49,921 shares traded.

Graham Trading Up 2.6 %

The firm has a market capitalization of $479.16 million, a P/E ratio of 61.97 and a beta of 0.73. The business’s fifty day moving average is $42.89 and its 200 day moving average is $34.46.

Graham (NYSE:GHM) last posted its quarterly earnings data on Friday, November 8th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.13. Graham had a return on equity of 7.91% and a net margin of 3.95%. The firm had revenue of $53.56 million for the quarter, compared to the consensus estimate of $50.50 million. During the same quarter in the previous year, the company earned $0.04 EPS. As a group, sell-side analysts predict that Graham Co. will post 1.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of Graham by 285.3% during the third quarter. JPMorgan Chase & Co. now owns 38,980 shares of the industrial products company’s stock worth $1,153,000 after acquiring an additional 28,863 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Graham during the third quarter valued at about $266,000. Barclays PLC boosted its stake in Graham by 36.5% during the 3rd quarter. Barclays PLC now owns 15,498 shares of the industrial products company’s stock valued at $458,000 after purchasing an additional 4,145 shares during the period. Geode Capital Management LLC boosted its position in shares of Graham by 1.3% in the third quarter. Geode Capital Management LLC now owns 233,122 shares of the industrial products company’s stock valued at $6,900,000 after acquiring an additional 2,952 shares during the period. Finally, XTX Topco Ltd grew its position in Graham by 5.7% in the 3rd quarter. XTX Topco Ltd now owns 9,551 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 513 shares during the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

About Graham

Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.