Sun Hydraulics Corp. Director Christine Koski Unloads 45,000 Shares (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) Director Christine Koski sold 45,000 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $34.80, for a total transaction of $1,566,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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. (NASDAQ:SNHY) traded up 1.14% during mid-day trading on Wednesday, hitting $35.41. 80,254 shares of the company’s stock traded hands. Sun Hydraulics Corp. has a 52 week low of $23.43 and a 52 week high of $35.15. The stock’s 50-day moving average is $32.12 and its 200-day moving average is $32.05. The company has a market cap of $929.4 million and a price-to-earnings ratio of 24.78.
Sun Hydraulics Corp. (NASDAQ:SNHY) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis. 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.
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