Moog (NYSE:MOG.A) Shares Cross Above 200-Day Moving Average – Should You Sell?

Moog Inc. (NYSE:MOG.A)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $286.01 and traded as high as $347.40. Moog shares last traded at $343.6650, with a volume of 356,403 shares traded.

Wall Street Analyst Weigh In

Separately, Truist Financial raised shares of Moog to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Moog Trading Up 0.3%

The stock has a market capitalization of $10.89 billion, a PE ratio of 38.66 and a beta of 0.93. The company has a quick ratio of 1.12, a current ratio of 1.68 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average is $308.03 and its two-hundred day moving average is $286.01.

Moog (NYSE:MOG.A) last announced its quarterly earnings results on Friday, April 24th. The aerospace company reported $2.64 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.28. Moog had a net margin of 6.83% and a return on equity of 16.11%. The firm had revenue of $1.05 billion during the quarter. During the same period last year, the firm earned $1.92 earnings per share. Moog’s revenue was up 12.6% on a year-over-year basis. On average, analysts anticipate that Moog Inc. will post 10.61 earnings per share for the current fiscal year.

Insider Activity at Moog

In other news, Director Brenda Reichelderfer sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $312.27, for a total value of $624,540.00. Following the completion of the sale, the director directly owned 2,585 shares of the company’s stock, valued at approximately $807,217.95. This represents a 43.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.