Shiloh Industries (NASDAQ:SHLO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Shiloh Industries, Inc. is a global supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets, capable of delivering solutions in aluminum, magnesium, steel and high-strength steel alloys to original equipment manufacturers and suppliers. The company offers one of the broadest portfolio of lightweighting solutions in the industry through their BlankLight (TM), CastLight (TM) and StampLight (TM) brands. Shiloh designs and manufactures components in body, chassis and powertrain systems with expertise in precision blanks, ShilohCore (TM) acoustic laminates, aluminum and steel laser welded blanks, complex stampings, modular assemblies, aluminum and magnesium die casting, as well as precision machined components. Shiloh has operations, sales and technical centers throughout Asia, Europe and North America. “

A number of other research firms also recently weighed in on SHLO. Bank of America raised Shiloh Industries from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. ValuEngine raised Shiloh Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, TheStreet downgraded Shiloh Industries from a “c-” rating to a “d” rating in a report on Wednesday, August 14th.

SHLO stock opened at $3.88 on Tuesday. Shiloh Industries has a twelve month low of $3.85 and a twelve month high of $9.17. The company has a market cap of $92.78 million, a PE ratio of 6.26, a price-to-earnings-growth ratio of 2.14 and a beta of 1.72. The business’s 50-day simple moving average is $4.08 and its 200 day simple moving average is $4.84. The company has a quick ratio of 1.03, a current ratio of 1.34 and a debt-to-equity ratio of 1.30.

Shiloh Industries (NASDAQ:SHLO) last released its earnings results on Thursday, September 5th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Shiloh Industries had a positive return on equity of 0.16% and a negative net margin of 1.35%. The business had revenue of $263.45 million for the quarter. On average, equities research analysts anticipate that Shiloh Industries will post 0.25 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. New England Private Wealth Advisors LLC acquired a new stake in Shiloh Industries during the second quarter valued at approximately $58,000. Weiss Asset Management LP acquired a new position in shares of Shiloh Industries in the 2nd quarter worth approximately $75,000. JPMorgan Chase & Co. boosted its holdings in shares of Shiloh Industries by 120.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,970 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 18,012 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Shiloh Industries in the 2nd quarter worth approximately $186,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Shiloh Industries by 32.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,640 shares of the basic materials company’s stock worth $188,000 after acquiring an additional 9,451 shares in the last quarter. 43.35% of the stock is currently owned by institutional investors.

About Shiloh Industries

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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