Sun Hydraulics Corp. Sets New 1-Year High at $37.40 (SNHY)
Sun Hydraulics Corp. (NASDAQ:SNHY) set a new 52-week high during trading on Friday, American Banking News reports. The stock traded as high as $37.40 and last traded at $37.30, with a volume of 19,169 shares. The stock had previously closed at $36.50.
In other Sun Hydraulics Corp. news, Director Christine L. Koski sold 20,000 shares of the company’s stock on the open market in a transaction dated Thursday, October 10th. The stock was sold at an average price of $35.81, for a total value of $716,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Sun Hydraulics Corp. has a 52-week low of $23.43 and a 52-week high of $37.64. The stock’s 50-day moving average is $34.36 and its 200-day moving average is $32.5. The company has a market cap of $987.9 million and a P/E ratio of 25.83.
Sun Hydraulics Corp. (NASDAQ:SNHY) last announced its 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. Analysts expect that Sun Hydraulics Corp. will post $1.45 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, September 26th.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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