Columbus McKinnon (NASDAQ:CMCO) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (d)" rating for Columbus McKinnon (NASDAQ:CMCO), indicating a bearish outlook from this equities research firm.
• On the other hand, Wall Street Zen recently upgraded the stock from "hold" to "buy," reflecting a more optimistic view from another analysis source.
• Columbus McKinnon has a market cap of approximately $452.42 million and reported earnings of $0.36 per share in its latest quarter.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised Columbus McKinnon from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $35.00.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO traded up $0.32 during mid-day trading on Friday, reaching $15.75. The company had a trading volume of 209,999 shares, compared to its average volume of 303,911. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. The stock has a market cap of $452.42 million, a PE ratio of -29.17 and a beta of 1.26. The company has a 50-day moving average price of $14.91 and a two-hundred day moving average price of $15.13. Columbus McKinnon has a 1-year low of $11.78 and a 1-year high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last issued its earnings results on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.The business had revenue of $166.55 million for the quarter. On average, equities analysts anticipate that Columbus McKinnon will post 2.69 earnings per share for the current year.

Institutional Trading of Columbus McKinnon

Large investors have recently made changes to their positions in the stock. Simplex Trading LLC boosted its stake in shares of Columbus McKinnon by 782.2% during the 2nd quarter. Simplex Trading LLC now owns 1,685 shares of the industrial products company's stock worth $25,000 after acquiring an additional 1,932 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Columbus McKinnon by 267.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 1,893 shares in the last quarter. Signaturefd LLC raised its holdings in Columbus McKinnon by 743.4% in the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 2,141 shares in the last quarter. High Note Wealth LLC acquired a new position in Columbus McKinnon in the 1st quarter valued at approximately $48,000. Finally, CWM LLC raised its holdings in Columbus McKinnon by 79.2% in the 1st quarter. CWM LLC now owns 3,422 shares of the industrial products company's stock valued at $58,000 after acquiring an additional 1,512 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.

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