Twin Disc (NASDAQ:TWIN) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Twin Disc's share price has recently surpassed its 200-day moving average of $9.18, reaching a high of $14.45.
• Analysts have mixed reviews on the stock; while Weiss Ratings maintains a "sell" rating, Wall Street Zen upgraded it to a "strong-buy."
• The company reported a quarterly loss with earnings per share of $0.10, missing estimates, alongside a recent dividend issuance of $0.04 per share.

Twin Disc, Incorporated (NASDAQ:TWIN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.18 and traded as high as $14.45. Twin Disc shares last traded at $14.36, with a volume of 40,503 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have commented on TWIN shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Twin Disc in a research report on Saturday, September 27th. Wall Street Zen raised Twin Disc from a "hold" rating to a "strong-buy" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Twin Disc has a consensus rating of "Hold" and an average target price of $12.00.

Twin Disc Stock Up 2.1%

The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.75 and a current ratio of 1.96. The company's 50-day moving average price is $11.74 and its 200 day moving average price is $9.18. The stock has a market capitalization of $206.64 million, a P/E ratio of -102.56 and a beta of 0.81.

Twin Disc (NASDAQ:TWIN - Get Free Report) last issued its earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.16). The firm had revenue of $96.68 million during the quarter, compared to the consensus estimate of $93.00 million. Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.

Twin Disc Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 1st. Investors of record on Monday, August 18th were given a dividend of $0.04 per share. The ex-dividend date was Monday, August 18th. This represents a $0.16 annualized dividend and a dividend yield of 1.1%. Twin Disc's dividend payout ratio (DPR) is currently -114.29%.

Institutional Investors Weigh In On Twin Disc

Several institutional investors and hedge funds have recently modified their holdings of the stock. Gamco Investors INC. ET AL lifted its holdings in shares of Twin Disc by 3.5% in the second quarter. Gamco Investors INC. ET AL now owns 1,732,799 shares of the industrial products company's stock worth $15,301,000 after buying an additional 59,000 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Twin Disc by 1,928.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 439,241 shares of the industrial products company's stock valued at $3,878,000 after acquiring an additional 417,590 shares during the last quarter. Gabelli Funds LLC increased its holdings in Twin Disc by 0.5% in the 2nd quarter. Gabelli Funds LLC now owns 387,524 shares of the industrial products company's stock valued at $3,422,000 after acquiring an additional 2,000 shares during the last quarter. Grace & White Inc. NY lifted its stake in Twin Disc by 5.7% in the 2nd quarter. Grace & White Inc. NY now owns 284,529 shares of the industrial products company's stock worth $2,512,000 after purchasing an additional 15,282 shares in the last quarter. Finally, Peapod Lane Capital LLC bought a new position in shares of Twin Disc during the 2nd quarter valued at about $1,202,000. Institutional investors own 65.25% of the company's stock.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.

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