Enerpac Tool Group (NYSE:EPAC) Sets New 52-Week Low - Should You Sell?

Shares of Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $36.66 and last traded at $36.73, with a volume of 63410 shares traded. The stock had previously closed at $37.64.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Enerpac Tool Group Price Performance

The stock has a fifty day moving average of $42.24 and a 200 day moving average of $42.76. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 22.98 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The firm had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. During the same period in the prior year, the firm posted $0.47 earnings per share. On average, analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of hedge funds have recently made changes to their positions in the company. Diversified Trust Co raised its holdings in Enerpac Tool Group by 16.3% in the 2nd quarter. Diversified Trust Co now owns 17,125 shares of the company's stock valued at $695,000 after acquiring an additional 2,400 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of Enerpac Tool Group by 3.8% in the second quarter. Moody National Bank Trust Division now owns 11,379 shares of the company's stock valued at $462,000 after purchasing an additional 412 shares during the last quarter. Swedbank AB lifted its position in Enerpac Tool Group by 300.0% during the first quarter. Swedbank AB now owns 200,000 shares of the company's stock worth $8,972,000 after buying an additional 150,000 shares in the last quarter. Rhumbline Advisers boosted its stake in Enerpac Tool Group by 1.0% during the first quarter. Rhumbline Advisers now owns 152,454 shares of the company's stock worth $6,839,000 after buying an additional 1,484 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Enerpac Tool Group in the 1st quarter valued at $915,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.

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