Burnham (OTCMKTS:BURCA) Shares Break Above 200 Day Moving Average – Here’s Why

Burnham Holdings Inc. (OTCMKTS:BURCA) shares passed above its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $24.69 and traded as high as $25.25. Burnham shares last traded at $25.25, with a volume of 715 shares trading hands.

Burnham Price Performance

The company has a 50 day moving average price of $23.48 and a 200 day moving average price of $24.69. The company has a market capitalization of $87.87 million, a price-to-earnings ratio of -4.93 and a beta of 0.16. The company has a current ratio of 2.39, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17.

Burnham (OTCMKTS:BURCA) last released its earnings results on Thursday, October 22nd. The industrial products company reported $0.44 earnings per share for the quarter. Burnham had a positive return on equity of 14.83% and a negative net margin of 8.29%. The company had revenue of $74.58 million during the quarter.

Burnham Company Profile

Burnham Holdings, Inc is a heating equipment company that historically operated through subsidiaries serving the residential, commercial and industrial markets. Its primary business has centered on the design and manufacture of boilers and related hydronic heating products.

The company’s product offerings have included cast-iron and steel boilers, gas- and oil-fired heating equipment, commercial and industrial boiler systems, and replacement heating products. Its brands and operating companies have included Burnham Commercial, U.S.