Park-Ohio (NASDAQ:PKOH – Get Free Report) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
Park-Ohio Stock Down 2.4 %
PKOH opened at $23.39 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.18. Park-Ohio has a 1-year low of $12.07 and a 1-year high of $28.79. The company has a market capitalization of $305.71 million, a PE ratio of 37.13 and a beta of 1.23. The firm’s 50 day simple moving average is $25.30 and its two-hundred day simple moving average is $24.72.
Park-Ohio (NASDAQ:PKOH – Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.01). The firm had revenue of $389.30 million during the quarter, compared to analysts’ expectations of $386.45 million. Park-Ohio had a return on equity of 13.45% and a net margin of 0.47%. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities analysts forecast that Park-Ohio will post 3.36 EPS for the current year.
Insider Activity at Park-Ohio
Institutional Investors Weigh In On Park-Ohio
Several institutional investors have recently made changes to their positions in PKOH. Barclays PLC bought a new stake in shares of Park-Ohio in the 2nd quarter worth about $32,000. Bailard Inc. bought a new stake in shares of Park-Ohio in the 3rd quarter worth about $256,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Park-Ohio in the 3rd quarter worth about $60,000. Los Angeles Capital Management LLC bought a new stake in shares of Park-Ohio in the 3rd quarter worth about $1,197,000. Finally, Assenagon Asset Management S.A. bought a new stake in Park-Ohio during the 3rd quarter valued at about $741,000. Institutional investors own 51.38% of the company’s stock.
About Park-Ohio
Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.
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