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Thermon Group Holdings (NYSE:THR) was downgraded by equities research analysts at KeyCorp from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $29.50 price target on the stock. KeyCorp’s target price points to a potential upside of 26.61% from the company’s current price.

Shares of Thermon Group Holdings (NYSE:THR) traded down 1.89% during mid-day trading on Monday, hitting $22.86. 41,430 shares of the company’s stock traded hands. Thermon Group Holdings has a one year low of $18.80 and a one year high of $29.06. The stock’s 50-day moving average is $23.8 and its 200-day moving average is $25.6. The company has a market cap of $727.7 million and a P/E ratio of 33.77.

Thermon Group Holdings, Inc provides thermal solutions for process industries. The Company provides a range of products, including heating cables, tubing bundles and control systems, and services, including design optimization, engineering, installation and maintenance services.

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