Shares of Shiloh Industries, Inc. (NASDAQ:SHLO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.76. Shiloh Industries shares last traded at $4.74, with a volume of 140 shares trading hands.
Several equities research analysts recently commented on SHLO shares. Zacks Investment Research upgraded shares of Zymeworks from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Saturday, April 27th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.17.
The firm has a 50 day simple moving average of $4.82. The firm has a market cap of $116.66 million, a P/E ratio of 7.58, a price-to-earnings-growth ratio of 3.41 and a beta of 1.64. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.05 and a current ratio of 1.36.
Shiloh Industries (NASDAQ:SHLO) last announced its quarterly earnings results on Monday, June 10th. The basic materials company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.23. Shiloh Industries had a negative net margin of 0.09% and a positive return on equity of 2.45%. The company had revenue of $273.37 million for the quarter. Analysts predict that Shiloh Industries, Inc. will post 0.2 earnings per share for the current fiscal year.
In related news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $5.18, for a total value of $3,130,792.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 37.40% of the company’s stock.
Institutional investors have recently modified their holdings of the business. California Public Employees Retirement System boosted its holdings in Shiloh Industries by 8.1% in the 4th quarter. California Public Employees Retirement System now owns 55,116 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 4,129 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of Shiloh Industries by 55.1% during the 1st quarter. Wedge Capital Management L L P NC now owns 128,908 shares of the basic materials company’s stock worth $709,000 after acquiring an additional 45,808 shares during the period. First Trust Advisors LP lifted its holdings in shares of Shiloh Industries by 18.6% during the 4th quarter. First Trust Advisors LP now owns 26,570 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 4,170 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Shiloh Industries by 20.6% during the 4th quarter. Bank of New York Mellon Corp now owns 156,744 shares of the basic materials company’s stock worth $914,000 after acquiring an additional 26,788 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Shiloh Industries by 2.0% during the 4th quarter. BlackRock Inc. now owns 953,936 shares of the basic materials company’s stock worth $5,561,000 after acquiring an additional 18,294 shares during the period. 44.84% of the stock is owned by hedge funds and other institutional investors.
Shiloh Industries Company Profile (NASDAQ:SHLO)
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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