Twin Disc (NASDAQ:TWIN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Twin Disc, Incorporated (NASDAQ:TWIN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.30 and traded as high as $15.70. Twin Disc shares last traded at $15.53, with a volume of 19,763 shares.

Wall Street Analyst Weigh In

TWIN has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Twin Disc in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Twin Disc from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Twin Disc has an average rating of “Hold” and an average price target of $12.00.

Twin Disc Stock Down 0.4%

The company has a current ratio of 1.96, a quick ratio of 0.75 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $14.97 and its 200 day simple moving average is $11.30. The firm has a market cap of $223.45 million, a PE ratio of -110.92 and a beta of 0.81.

Twin Disc (NASDAQ:TWIN) last issued its quarterly earnings data on Wednesday, November 5th. The industrial products company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The business had revenue of $80.00 million during the quarter, compared to the consensus estimate of $98.60 million. Twin Disc had a negative return on equity of 1.22% and a negative net margin of 0.56%.

Twin Disc Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.16 dividend on an annualized basis and a yield of 1.0%. Twin Disc’s dividend payout ratio (DPR) is presently 800.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Strs Ohio acquired a new stake in Twin Disc in the first quarter valued at approximately $74,000. JPMorgan Chase & Co. lifted its holdings in shares of Twin Disc by 28.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,361 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 1,193 shares during the last quarter. Huntington National Bank boosted its position in shares of Twin Disc by 500,000.0% in the 2nd quarter. Huntington National Bank now owns 10,002 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 10,000 shares in the last quarter. Corton Capital Inc. acquired a new stake in shares of Twin Disc in the 2nd quarter worth $93,000. Finally, Nuveen LLC purchased a new position in Twin Disc during the 1st quarter worth $114,000. Institutional investors own 65.25% of the company’s stock.

About Twin Disc

Twin Disc, Incorporated engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally. The company operates in two segments, Manufacturing and Distribution. Its principal products include marine transmissions, azimuth drives, surface drives, propellers, and boat management systems, as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and controls systems.