News coverage about Graham (NYSE:GHM) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. 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. Graham earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.0154565099133 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
Several equities analysts have issued reports on GHM shares. TheStreet upgraded shares of Graham from a “c” rating to a “b-” rating in a research report on Thursday, May 31st. ValuEngine upgraded shares of Graham from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd.
NYSE GHM traded down $0.58 on Wednesday, hitting $26.16. The company’s stock had a trading volume of 44,174 shares, compared to its average volume of 36,279. Graham has a 1-year low of $17.97 and a 1-year high of $27.51. The stock has a market cap of $258.95 million, a P/E ratio of 139.47 and a beta of 0.83.
Graham (NYSE:GHM) last announced its quarterly earnings results on Thursday, May 31st. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Graham had a negative net margin of 12.70% and a positive return on equity of 1.65%. The firm had revenue of $22.18 million during the quarter. During the same quarter last year, the company posted $0.18 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 13th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, June 12th.
In other news, VP Alan E. Smith sold 6,689 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $25.94, for a total transaction of $173,512.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.
Graham Company Profile
Graham Corporation, together with its subsidiaries, designs, manufactures, and supplies vacuum and heat transfer equipment for the chemical, defense, petrochemical, petroleum refining, electric power generation, and other industries worldwide. It offers heat transfer equipment, including surface condensers, heliflows, water heaters, and various types of heat exchangers, as well as custom-engineered ejectors; and vacuum equipment, such as steam jet ejector vacuum systems and liquid ring vacuum pumps.
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