PMFG Rating Increased to Neutral at Zacks (PMFG)
PMFG (NASDAQ:PMFG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. The firm currently has a $5.90 price target on the stock. Zacks‘s price target points to a potential upside of 2.61% from the company’s current price.
PMFG (NASDAQ:PMFG) traded down 5.83% on Tuesday, hitting $5.415. The stock had a trading volume of 117,792 shares. PMFG has a 1-year low of $4.11 and a 1-year high of $9.23. The stock’s 50-day moving average is $5.06 and its 200-day moving average is $6.26. The company’s market cap is $114.2 million.
PMFG (NASDAQ:PMFG) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.19. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $38.82 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts expect that PMFG will post $-0.40 EPS 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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