Modine Manufacturing (NYSE:MOD) Reaches New 52-Week Low - What's Next?

Modine Manufacturing (NYSE:MOD - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $78.42 and last traded at $78.67, with a volume of 1788398 shares changing hands. The stock had previously closed at $87.01.

Modine Manufacturing Stock Down 8.8 %

The company has a quick ratio of 1.18, a current ratio of 1.87 and a debt-to-equity ratio of 0.38. The firm has a market cap of $4.05 billion, a PE ratio of 25.87, a P/E/G ratio of 0.71 and a beta of 2.31. The firm's 50 day moving average is $108.37 and its 200-day moving average is $119.05.

Modine Manufacturing (NYSE:MOD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The auto parts company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.13. Modine Manufacturing had a net margin of 6.31% and a return on equity of 24.25%. As a group, equities research analysts expect that Modine Manufacturing will post 3.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Modine Manufacturing

Several institutional investors and hedge funds have recently modified their holdings of MOD. Wasatch Advisors LP lifted its stake in shares of Modine Manufacturing by 108.0% during the fourth quarter. Wasatch Advisors LP now owns 1,428,415 shares of the auto parts company's stock valued at $165,596,000 after buying an additional 741,667 shares during the period. FMR LLC raised its stake in Modine Manufacturing by 14.0% during the third quarter. FMR LLC now owns 4,417,927 shares of the auto parts company's stock worth $586,657,000 after purchasing an additional 543,419 shares during the period. J. Goldman & Co LP purchased a new position in Modine Manufacturing during the fourth quarter worth approximately $43,201,000. Norges Bank purchased a new position in Modine Manufacturing during the fourth quarter worth approximately $31,590,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in Modine Manufacturing by 27.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,207,181 shares of the auto parts company's stock worth $139,949,000 after purchasing an additional 262,936 shares during the period. Hedge funds and other institutional investors own 95.23% of the company's stock.

Modine Manufacturing Company Profile

Modine Manufacturing Company provides thermal management products and solutions in the United States, Italy, Hungary, China, the United Kingdom, and internationally. It operates through Climate Solutions and Performance Technologies segments. The company offers heat transfer coils, including heat recovery and round tube plate fin coils; gas-fired, hydronic, electric and oilfired unit heaters; roof-mounted direct- and indirect-fired makeup air units; duct furnaces; infrared units; perimeter heating products; single packaged unit ventilators; modular chillers; air handler and condensing units; ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.