News stories about Gorman-Rupp (NYSE:GRC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing 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 positive one, with scores closest to one being the most favorable. Gorman-Rupp earned a news impact score of 0.06 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.9933278910529 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Separately, Zacks Investment Research lowered shares of Gorman-Rupp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th.
Shares of Gorman-Rupp (NYSE:GRC) opened at $32.22 on Friday. The firm has a market cap of $841.16, a P/E ratio of 35.41 and a beta of 1.31. Gorman-Rupp has a 12-month low of $23.55 and a 12-month high of $33.50.
Gorman-Rupp (NYSE:GRC) last released its earnings results on Friday, October 27th. The industrial products company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.08. The company had revenue of $93.98 million for the quarter, compared to the consensus estimate of $95.91 million. Gorman-Rupp had a net margin of 6.25% and a return on equity of 9.72%. Gorman-Rupp’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS.
In related news, Director Christopher H. Lake sold 2,500 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $31.75, for a total transaction of $79,375.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 12.40% of the stock is owned by corporate insiders.
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The Gorman-Rupp Company designs, manufactures and sells pumps and pump systems. The Company offers its products for use in dewatering; petroleum original equipment; agriculture; fire protection; heating, ventilating and air conditioning; military, and other liquid-handling applications. The Company operates in the manufacture and international sale of pumps and pump systems segment.
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