Thermon Group (NYSE:THR) Stock Passes Above 200-Day Moving Average - What's Next?

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.97 and traded as high as $28.35. Thermon Group shares last traded at $28.10, with a volume of 161,817 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

Thermon Group Stock Down 0.8%

The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average price of $27.96 and a two-hundred day moving average price of $27.96. The firm has a market capitalization of $913.44 million, a price-to-earnings ratio of 17.50 and a beta of 1.05.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The company had revenue of $134.08 million for the quarter, compared to analyst estimates of $133.65 million. Thermon Group had a return on equity of 13.08% and a net margin of 10.74%. The company's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of THR. Quarry LP boosted its stake in shares of Thermon Group by 314.1% in the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after purchasing an additional 647 shares during the period. CWM LLC grew its stake in Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company's stock valued at $26,000 after acquiring an additional 376 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Thermon Group by 3,912.0% during the 1st quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $28,000 after acquiring an additional 978 shares during the period. State of Wyoming purchased a new position in Thermon Group in the first quarter valued at approximately $59,000. Finally, PNC Financial Services Group Inc. grew its position in Thermon Group by 4,731.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock valued at $111,000 after acquiring an additional 3,785 shares in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.