PMFG Director Sells $86,400 in Stock (PMFG)
PMFG (NASDAQ:PMFG) Director R Clayton Mulford sold 12,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.20, for a total transaction of $86,400.00. Following the transaction, the director now directly owns 14,086 shares in the company. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PMFG shares. Analysts at William Blair reiterated an “outperform” rating on shares of PMFG (NASDAQ:PMFG) in a research note to investors on Friday. Separately, analysts at Needham & Company initiated coverage on shares of PMFG (NASDAQ:PMFG) in a research note to investors on Monday, August 12th. They set a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of PMFG (NASDAQ:PMFG) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th. They now have a $7.80 price target on the stock.
Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.65.
PMFG (NASDAQ:PMFG) traded up 1.67% on Tuesday, hitting $7.31. 78,118 shares of the company’s stock traded hands. PMFG has a one year low of $5.45 and a one year high of $9.42. The stock’s 50-day moving average is $7.25 and its 200-day moving average is $6.66. The company’s market cap is $153.2 million.
PMFG (NASDAQ:PMFG) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $34.50 million for the quarter, compared to the consensus estimate of $35.05 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Analysts expect that PMFG will post $0.14 EPS for the current fiscal year.
PMFG, Inc is a provider of custom-engineered systems and products designed to helps ensure that the delivery of energy is safe, efficient and clean.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.