Sun Hydraulics Corp. Sets New 1-Year High at $34.22 (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) set a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $34.22 and last traded at $34.22, with a volume of 22,885 shares. The stock had previously closed at $33.69.
Separately, analysts at Zacks downgraded shares of Sun Hydraulics Corp. (NASDAQ:SNHY) from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $36.50 price target on the stock.
Sun Hydraulics Corp. has a one year low of $23.43 and a one year high of $34.22. The stock has a 50-day moving average of $31.88 and a 200-day moving average of $31.84. The company has a market cap of $894.5 million and a P/E ratio of 23.84.
Sun Hydraulics Corp. (NASDAQ:SNHY) last released its earnings data on Monday, August 5th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.03. The company had revenue of $558.00 million for the quarter, compared to the consensus estimate of $55.20 million. During the same quarter last year, the company posted $0.43 earnings per share. Sun Hydraulics Corp.’s revenue was down 2.1% compared to the same quarter last year. On average, analysts predict that Sun Hydraulics Corp. will post $1.45 earnings per share for the current fiscal year.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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.