Twin Disc (NASDAQ:TWIN) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.79 and traded as high as $14.93. Twin Disc shares last traded at $14.48, with a volume of 52,945 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Twin Disc from a “hold” rating to a “strong-buy” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $12.00.

Twin Disc Stock Down 0.6%

The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $10.82 and its 200-day simple moving average is $8.79. The stock has a market capitalization of $208.37 million, a price-to-earnings ratio of -103.42 and a beta of 0.86.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings results on Thursday, August 21st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). Twin Disc had a negative net margin of 0.56% and a negative return on equity of 1.22%. The business had revenue of $96.68 million during the quarter, compared to analyst estimates of $93.00 million.

Twin Disc Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 1st. Shareholders of record on Monday, August 18th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, August 18th. Twin Disc’s payout ratio is presently -114.29%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of Twin Disc during the 4th quarter worth about $101,000. Strs Ohio acquired a new position in shares of Twin Disc during the 1st quarter worth about $74,000. Central Pacific Bank Trust Division increased its stake in shares of Twin Disc by 566.7% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,000 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 8,500 shares during the last quarter. Huntington National Bank increased its stake in shares of Twin Disc by 500,000.0% during the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Corton Capital Inc. acquired a new position in shares of Twin Disc during the 2nd quarter worth about $93,000. 65.25% of the stock is currently owned by institutional investors and hedge funds.

Twin Disc Company Profile

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.