Shiloh Industries (SHLO) Hits New 1-Year High at $12.19

Shiloh Industries, Inc. (NASDAQ:SHLO) hit a new 52-week high on Monday . The stock traded as high as $12.19 and last traded at $11.85, with a volume of 6770 shares changing hands. The stock had previously closed at $11.62.

Several equities research analysts recently weighed in on the company. ValuEngine cut Shiloh Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. BMO Capital Markets set a $14.00 target price on Shiloh Industries and gave the company a “buy” rating in a report on Monday.

The stock has a market cap of $252.71 million, a P/E ratio of 22.64 and a beta of 1.69. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.42 and a quick ratio of 1.12.

Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings results on Friday, September 7th. The basic materials company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.08. The business had revenue of $294.88 million during the quarter. Shiloh Industries had a return on equity of 8.78% and a net margin of 1.72%. equities analysts predict that Shiloh Industries, Inc. will post 0.7 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its position in Shiloh Industries by 33.3% during the 2nd quarter. Renaissance Technologies LLC now owns 113,700 shares of the basic materials company’s stock valued at $989,000 after purchasing an additional 28,400 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Shiloh Industries by 5.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,926,306 shares of the basic materials company’s stock valued at $16,759,000 after purchasing an additional 99,346 shares during the last quarter. BlackRock Inc. raised its position in Shiloh Industries by 11.6% during the 2nd quarter. BlackRock Inc. now owns 930,255 shares of the basic materials company’s stock valued at $8,094,000 after purchasing an additional 96,715 shares during the last quarter. Royce & Associates LP bought a new position in Shiloh Industries during the 2nd quarter valued at approximately $218,000. Finally, Weber Alan W raised its position in shares of Shiloh Industries by 1.7% in the 2nd quarter. Weber Alan W now owns 596,679 shares of the basic materials company’s stock worth $5,191,000 after acquiring an additional 10,000 shares in the last quarter. 44.06% of the stock is owned by institutional investors and hedge funds.

About Shiloh Industries (NASDAQ:SHLO)

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.

Further Reading: Short Selling

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