Graham Co. (NYSE:GHM – Get Free Report) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totalling 54,100 shares, a growth of 82.8% from the June 15th total of 29,600 shares. Based on an average trading volume of 89,800 shares, the short-interest ratio is currently 0.6 days.
Graham Price Performance
Graham stock traded up $1.69 during midday trading on Friday, hitting $29.88. 109,099 shares of the company were exchanged, compared to its average volume of 144,096. The company’s fifty day moving average price is $28.47 and its 200-day moving average price is $25.69. Graham has a fifty-two week low of $12.40 and a fifty-two week high of $34.72. The company has a market cap of $324.80 million, a PE ratio of 69.49 and a beta of 0.59.
Graham (NYSE:GHM – Get Free Report) last announced its earnings results on Friday, June 7th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter. Graham had a return on equity of 4.45% and a net margin of 2.46%. The company had revenue of $49.07 million for the quarter. On average, analysts expect that Graham will post 0.81 EPS for the current fiscal year.
Hedge Funds Weigh In On Graham
Wall Street Analyst Weigh In
Several research firms recently commented on GHM. StockNews.com raised Graham from a “hold” rating to a “buy” rating in a research report on Tuesday, June 4th. Noble Financial began coverage on Graham in a research report on Monday, June 24th. They set an “outperform” rating and a $35.00 price target on the stock.
Check Out Our Latest Research Report on Graham
About Graham
Graham Corporation, together with its subsidiaries, designs and manufactures fluid, power, heat transfer, and vacuum equipment for chemical and petrochemical processing, defense, space, petroleum refining, cryogenic, energy, and other industries. It offers power plant systems, including ejectors and surface condensers; torpedo ejection, propulsion, and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems comprising pumps, blowers, and drive electronics for defense sector.
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