Gorman-Rupp Co. Sets New 1-Year High at $34.99 (GRC)
Gorman-Rupp (NYSE:GRC) set a new 52-week high during trading on Thursday, ARN reports. The stock traded as high as $34.99 and last traded at $34.64, with a volume of 28,395 shares. The stock had previously closed at $34.31.
A number of analysts have recently weighed in on GRC shares. Analysts at Jefferies Group upgraded shares of Gorman-Rupp from an “underperform” rating to a “hold” rating in a research note to investors on Tuesday. Separately, analysts at Sidoti upgraded shares of Gorman-Rupp to a “buy” rating in a research note to investors on Tuesday, December 24th. Finally, analysts at Sidoti upgraded shares of Gorman-Rupp from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 23rd.
Gorman-Rupp has a 52 week low of $21.44 and a 52 week high of $34.592. The stock has a 50-day moving average of $32.29 and a 200-day moving average of $30.38. The company has a market cap of $910.2 million and a price-to-earnings ratio of 33.84.
Gorman-Rupp (NYSE:GRC) last announced its earnings results on Friday, October 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $101.20 million for the quarter, compared to the consensus estimate of $99.94 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Analysts expect that Gorman-Rupp will post $1.24 EPS for the current fiscal year.
The Gorman-Rupp Company (NYSE:GRC) manufactures and globally sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
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