Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Graham Corporation (GHM) Stock Price
News articles about Graham Corporation (NYSE:GHM) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Graham Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.928721117728 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, Zacks Investment Research raised Graham Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd.
Graham Corporation (NYSE GHM) opened at 21.62 on Friday. The firm has a market cap of $211.18 million, a PE ratio of 35.85 and a beta of 1.05. Graham Corporation has a 12-month low of $17.19 and a 12-month high of $25.00. The firm has a 50-day moving average price of $20.22 and a 200 day moving average price of $20.84.
Graham Corporation (NYSE:GHM) last released its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Graham Corporation had a net margin of 6.51% and a return on equity of 5.28%. The company had revenue of $20.90 million during the quarter, compared to the consensus estimate of $17.89 million. During the same period in the previous year, the business earned $0.05 earnings per share. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. Equities research analysts forecast that Graham Corporation will post $0.28 EPS for the current year.
About Graham Corporation
Graham Corporation designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Company designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. It is a nuclear code accredited fabrication and specialty machining company.
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