Milacron Holdings Corp (NYSE:MCRN) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,204,200 shares, a drop of 11.9% from the June 30th total of 1,367,100 shares. Based on an average daily volume of 1,280,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.8% of the company’s stock are sold short.
A number of analysts have recently issued reports on MCRN shares. Zacks Investment Research lowered Milacron from a “hold” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Thursday, July 4th. ValuEngine raised Milacron from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, Robert W. Baird lowered Milacron from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Wednesday, July 31st.
In other Milacron news, CFO Bruce A. Chalmers sold 4,993 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $16.31, for a total value of $81,435.83. Following the transaction, the chief financial officer now directly owns 247,488 shares of the company’s stock, valued at $4,036,529.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.40% of the company’s stock.
MCRN stock traded up $0.06 during midday trading on Friday, reaching $15.77. The company had a trading volume of 624,900 shares, compared to its average volume of 848,071. The stock has a 50 day moving average price of $15.77 and a 200 day moving average price of $13.96. Milacron has a fifty-two week low of $11.11 and a fifty-two week high of $22.09. The firm has a market capitalization of $1.12 billion, a PE ratio of 8.86, a P/E/G ratio of 2.50 and a beta of 1.78.
Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $271.40 million during the quarter, compared to the consensus estimate of $281.73 million. Milacron had a negative return on equity of 66.37% and a net margin of 2.11%. Milacron’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, analysts anticipate that Milacron will post 1.36 EPS for the current fiscal year.
Milacron Company Profile
Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).
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