Graham (NYSE:GHM) Stock Price Crosses Above Two Hundred Day Moving Average of $20.71

Shares of Graham Co. (NYSE:GHM - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.71 and traded as high as $29.55. Graham shares last traded at $29.54, with a volume of 74,714 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Graham from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th.

Graham Stock Performance

The firm has a 50-day moving average of $25.81 and a 200-day moving average of $20.80. The firm has a market capitalization of $318.84 million, a P/E ratio of 113.24 and a beta of 0.60.

Graham (NYSE:GHM - Get Free Report) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. The firm had revenue of $43.82 million for the quarter, compared to analysts' expectations of $37.88 million. Graham had a return on equity of 2.73% and a net margin of 1.52%. During the same period in the prior year, the firm earned $0.03 EPS.

Hedge Funds Weigh In On Graham

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. lifted its holdings in shares of Graham by 2,480.0% during the 2nd quarter. Osaic Holdings Inc. now owns 1,935 shares of the industrial products company's stock valued at $26,000 after buying an additional 1,860 shares during the period. Royal Bank of Canada increased its stake in shares of Graham by 43.9% in the 2nd quarter. Royal Bank of Canada now owns 3,275 shares of the industrial products company's stock worth $44,000 after purchasing an additional 999 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Graham in the 3rd quarter worth $46,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Graham in the 4th quarter worth $52,000. Finally, Barclays PLC purchased a new stake in shares of Graham in the 1st quarter worth $74,000. 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.