Monro (NASDAQ:MNRO) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Monro, Inc. (NASDAQ:MNRO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $26.11 and traded as high as $28.52. Monro shares last traded at $28.13, with a volume of 383,110 shares trading hands.

Wall Street Analyst Weigh In

Separately, Stephens began coverage on shares of Monro in a report on Tuesday, October 15th. They issued an "equal weight" rating and a $31.00 price objective on the stock.

Monro Trading Down 4.4 %

The company has a market cap of $805.66 million, a price-to-earnings ratio of 32.33, a PEG ratio of 2.33 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53. The business's 50 day moving average price is $27.78 and its 200-day moving average price is $26.12.

Monro (NASDAQ:MNRO - Get Free Report) last issued its earnings results on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.08). The firm had revenue of $301.39 million for the quarter, compared to analyst estimates of $300.06 million. Monro had a return on equity of 4.77% and a net margin of 2.24%. Monro's quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, research analysts forecast that Monro, Inc. will post 0.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Monro by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the auto parts company's stock valued at $279,000 after acquiring an additional 458 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Monro by 99.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,048 shares of the auto parts company's stock valued at $25,000 after purchasing an additional 523 shares in the last quarter. Quarry LP increased its stake in shares of Monro by 30.2% in the third quarter. Quarry LP now owns 2,666 shares of the auto parts company's stock worth $77,000 after acquiring an additional 619 shares during the period. EntryPoint Capital LLC lifted its holdings in Monro by 33.9% during the first quarter. EntryPoint Capital LLC now owns 3,169 shares of the auto parts company's stock valued at $100,000 after purchasing an additional 802 shares in the last quarter. Finally, D.B. Root & Company LLC lifted its stake in shares of Monro by 7.0% in the third quarter. D.B. Root & Company LLC now owns 14,234 shares of the auto parts company's stock worth $411,000 after buying an additional 927 shares in the last quarter.

About Monro

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.