Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.23 and traded as high as $29.62. Thermon Group shares last traded at $29.59, with a volume of 322,223 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.
View Our Latest Report on THR
Thermon Group Price Performance
The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The company's 50 day moving average price is $28.84 and its 200 day moving average price is $29.20. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 21.97 and a beta of 0.98.
Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. On average, equities research 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 institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Thermon Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock worth $97,338,000 after buying an additional 16,112 shares in the last quarter. FMR LLC lifted its position in Thermon Group by 10.0% during the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company's stock worth $65,239,000 after buying an additional 198,642 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Thermon Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock worth $50,574,000 after buying an additional 44,137 shares in the last quarter. Wellington Management Group LLP lifted its position in Thermon Group by 15.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company's stock worth $39,526,000 after buying an additional 178,017 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in Thermon Group by 0.8% during the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company's stock worth $24,674,000 after buying an additional 6,821 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.
Thermon Group Company Profile
(
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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.
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