Shares of Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.05 and last traded at $25.33, with a volume of 388701 shares traded. The stock had previously closed at $23.60.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Thermon Group from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th.
View Our Latest Research Report on Thermon Group
Thermon Group Price Performance
The company has a market capitalization of $848.28 million, a price-to-earnings ratio of 18.51 and a beta of 0.96. The firm has a 50-day simple moving average of $28.24 and a two-hundred day simple moving average of $28.90. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.
Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. As a group, analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Thermon Group
Several hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of Thermon Group by 0.8% during the 3rd quarter. State Street Corp now owns 769,187 shares of the technology company's stock worth $22,953,000 after buying an additional 5,882 shares during the period. Jane Street Group LLC increased its stake in shares of Thermon Group by 40.4% during the third quarter. Jane Street Group LLC now owns 48,458 shares of the technology company's stock worth $1,446,000 after purchasing an additional 13,950 shares in the last quarter. Barclays PLC raised its position in shares of Thermon Group by 312.1% during the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock worth $1,616,000 after purchasing an additional 41,009 shares during the last quarter. Geode Capital Management LLC lifted its stake in Thermon Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 772,597 shares of the technology company's stock valued at $23,059,000 after buying an additional 8,910 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Thermon Group by 2.1% in the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock valued at $595,000 after acquiring an additional 422 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.
About Thermon Group
(
Get Free Report)
Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.
Further Reading
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