Short Interest in Twin Disc, Incorporated (NASDAQ:TWIN) Drops By 10.1%
Twin Disc, Incorporated (NASDAQ:TWIN) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 128,700 shares, a drop of 10.1% from the June 30th total of 143,100 shares. Based on an average trading volume of 33,900 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.3% of the shares of the company are short sold.
TWIN traded down $0.38 during trading hours on Thursday, hitting $9.97. The stock had a trading volume of 52,600 shares, compared to its average volume of 29,472. The company’s fifty day simple moving average is $13.08 and its 200 day simple moving average is $15.38. Twin Disc has a 1 year low of $9.72 and a 1 year high of $26.94. The stock has a market cap of $137.80 million, a PE ratio of 12.01 and a beta of 2.00. The company has a quick ratio of 1.16, a current ratio of 3.00 and a debt-to-equity ratio of 0.32.
Twin Disc (NASDAQ:TWIN) last posted its earnings results on Friday, August 9th. The industrial products company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.20). The company had revenue of $72.45 million for the quarter, compared to analysts’ expectations of $72.85 million. Twin Disc had a net margin of 4.07% and a return on equity of 6.76%. As a group, equities analysts expect that Twin Disc will post 0.19 EPS for the current year.
Several brokerages recently weighed in on TWIN. BidaskClub lowered Twin Disc from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine raised Twin Disc from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research lowered Twin Disc from a “hold” rating to a “strong sell” rating in a report on Saturday, August 3rd. Robert W. Baird set a $14.00 price objective on Twin Disc and gave the stock a “hold” rating in a report on Monday. Finally, TheStreet lowered Twin Disc from a “b-” rating to a “c+” rating in a report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.33.
About Twin Disc
Twin Disc, Incorporated designs, manufactures, and sells marine and heavy duty off-highway power transmission equipment worldwide. The company operates through two segments, Manufacturing and Distribution. Its products include marine transmissions, surface drives, propellers, and boat management systems; and power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.
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