Park-Ohio Holdings Corp. (NASDAQ:PKOH - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.26 and traded as high as $29.03. Park-Ohio shares last traded at $28.60, with a volume of 24,386 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Park-Ohio from a "hold" rating to a "buy" rating in a report on Thursday, October 10th.
Read Our Latest Research Report on PKOH
Park-Ohio Stock Performance
The company has a market capitalization of $376.95 million, a price-to-earnings ratio of 20.43 and a beta of 1.15. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.42 and a quick ratio of 1.22. The stock has a 50 day moving average price of $29.34 and a two-hundred day moving average price of $27.27.
Park-Ohio (NASDAQ:PKOH - Get Free Report) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.08. Park-Ohio had a return on equity of 14.72% and a net margin of 1.09%. The company had revenue of $432.60 million during the quarter. During the same quarter last year, the business posted $0.83 earnings per share.
Institutional Trading of Park-Ohio
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in Park-Ohio by 1,986.8% in the second 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 during the period. Price T Rowe Associates Inc. MD boosted its stake in Park-Ohio by 5.4% in the first 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 during the last quarter. Empowered Funds LLC grew its holdings 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 worth $257,000 after acquiring an additional 700 shares during the period. BNP Paribas Financial Markets grew its holdings 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 worth $289,000 after acquiring an additional 2,036 shares during the period. Finally, Aristeia Capital L.L.C. grew its holdings 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 worth $298,000 after acquiring an additional 1,170 shares during the period. 51.38% of the stock is currently owned by institutional investors and hedge funds.
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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