Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.13 and traded as high as $30.87. Park-Ohio shares last traded at $30.79, with a volume of 14,909 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Park-Ohio from a "hold" rating to a "buy" rating in a research report on Thursday, October 10th.
Read Our Latest Stock Analysis on PKOH
Park-Ohio Price Performance
The firm has a market cap of $396.85 million, a price-to-earnings ratio of 21.51 and a beta of 1.15. The business's 50-day moving average price is $29.23 and its two-hundred day moving average price is $27.13. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.42 and a quick ratio of 1.22.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.08. The firm had revenue of $432.60 million during the quarter. Park-Ohio had a net margin of 1.09% and a return on equity of 14.72%. During the same period in the prior year, the firm earned $0.83 EPS.
Institutional Investors Weigh In On Park-Ohio
Hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its stake in Park-Ohio by 1,986.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,586 shares of the industrial products company's stock worth $41,000 after purchasing an additional 1,510 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Park-Ohio by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 449 shares in the last quarter. Empowered Funds LLC grew its stake in Park-Ohio by 7.8% during the 1st quarter. Empowered Funds LLC now owns 9,618 shares of the industrial products company's stock valued at $257,000 after acquiring an additional 700 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Park-Ohio by 23.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,831 shares of the industrial products company's stock valued at $289,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Aristeia Capital L.L.C. grew its stake in Park-Ohio by 11.3% during the 2nd quarter. Aristeia Capital L.L.C. now owns 11,515 shares of the industrial products company's stock valued at $298,000 after acquiring an additional 1,170 shares in the last quarter. 51.38% of the stock is currently owned by institutional investors.
About Park-Ohio
(
Get Free Report)
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.
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