Graham - GHM Stock Forecast, Price & News

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 comprising ejectors and surface condensers; torpedo ejection and power systems, such as turbines, alternators, regulators, pumps, and blowers; and thermal management systems, including pumps, blowers, and electronics. The company also provides rocket propulsion systems, such as turbopumps and fuel pumps; cooling systems comprising pumps, compressors, fans, and blowers; and life support systems, including fans, pumps, and blowers. In addition, it offers heat transfer and vacuum systems comprising ejectors, process condensers, surface condensers, liquid ring pumps, heat exchangers, and nozzles, as well as turbomachinery products; and power generation systems, including turbines, generators, compressors, and pumps. The company also services and sells spare parts for its equipment. It sells its products directly in the United States, the Middle East, Canada, Asia, South America, and internationally. Graham Corporation was founded in 1936 and is headquartered in Batavia, New York.

Graham Stock Down 2.0 %

Shares of GHM traded down $0.18 during midday trading on Friday, hitting $8.92. The stock had a trading volume of 30,183 shares, compared to its average volume of 34,398. The company has a 50 day simple moving average of $7.47 and a two-hundred day simple moving average of $7.91. Graham has a twelve month low of $6.51 and a twelve month high of $13.97. The firm has a market cap of $94.73 million, a price-to-earnings ratio of -18.98 and a beta of 0.74. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.47 and a quick ratio of 1.17.

Graham (NYSE:GHM - Get Rating) last announced its quarterly earnings results on Friday, July 29th. The industrial products company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.22. Graham had a negative return on equity of 3.15% and a negative net margin of 3.58%. During the same quarter in the prior year, the firm earned ($0.28) EPS. On average, analysts anticipate that Graham will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Graham in a research note on Tuesday, August 9th. They issued a "hold" rating for the company. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Graham has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Insider Activity at Graham

In related news, CEO Daniel J. Thoren purchased 7,500 shares of the stock in a transaction dated Thursday, August 4th. The stock was bought at an average cost of $7.83 per share, for a total transaction of $58,725.00. Following the completion of the acquisition, the chief executive officer now owns 318,191 shares of the company's stock, valued at $2,491,435.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Daniel J. Thoren purchased 7,500 shares of the business's stock in a transaction on Thursday, August 4th. The shares were acquired at an average price of $7.83 per share, with a total value of $58,725.00. Following the completion of the transaction, the chief executive officer now owns 318,191 shares of the company's stock, valued at approximately $2,491,435.53. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Daniel J. Thoren purchased 5,000 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average cost of $7.20 per share, for a total transaction of $36,000.00. Following the transaction, the chief executive officer now directly owns 308,682 shares of the company's stock, valued at approximately $2,222,510.40. The disclosure for this purchase can be found here. 6.60% of the stock is currently owned by corporate insiders.