Graham (NYSE:GHM) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Graham Co. (NYSE:GHM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $37.57 and traded as high as $38.40. Graham shares last traded at $37.90, with a volume of 71,532 shares traded.

Analyst Ratings Changes

Separately, StockNews.com downgraded Graham from a "buy" rating to a "hold" rating in a research note on Thursday, February 27th.

Graham Stock Down 0.1%

The company's fifty day moving average is $31.51 and its 200 day moving average is $37.57. The firm has a market cap of $413.22 million, a price-to-earnings ratio of 45.66 and a beta of 0.71.

Institutional Trading of Graham

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Graham in the 4th quarter valued at about $31,000. New York State Teachers Retirement System raised its holdings in Graham by 839.0% in the 1st quarter. New York State Teachers Retirement System now owns 939 shares of the industrial products company's stock valued at $27,000 after acquiring an additional 839 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Graham in the first quarter valued at approximately $29,000. Jones Financial Companies Lllp bought a new stake in Graham in the 4th quarter valued at $45,000. Finally, Russell Investments Group Ltd. increased its position in Graham by 18,025.0% during the 4th quarter. Russell Investments Group Ltd. now owns 1,450 shares of the industrial products company's stock worth $64,000 after buying an additional 1,442 shares during the period. 69.46% of the stock is owned by institutional investors.

Graham Company Profile

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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