PMFG Lowered to “Hold” at Stifel Nicolaus (PMFG)
PMFG (NASDAQ:PMFG) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Thursday, TheFlyOnTheWall.com reports.
PMFG (NASDAQ:PMFG) traded down 3.53% during mid-day trading on Thursday, hitting $6.84. 150,388 shares of the company’s stock traded hands. PMFG has a 1-year low of $5.45 and a 1-year high of $9.23. The stock has a 50-day moving average of $8.13 and a 200-day moving average of $7.66. The company’s market cap is $144.4 million.
PMFG (NASDAQ:PMFG) last announced its earnings results on Thursday, February 6th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.11. The company had revenue of $29.61 million for the quarter, compared to the consensus estimate of $31.48 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts predict that PMFG will post $0.09 earnings per share 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.
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