Moog (NYSE:MOG.A) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Moog Inc. (NYSE:MOG.A) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $293.00 and traded as high as $379.10. Moog shares last traded at $371.4040, with a volume of 222,173 shares changing hands.

Wall Street Analyst Weigh In

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

Moog Stock Down 0.7%

The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 41.78 and a beta of 0.98. The firm has a 50-day moving average of $315.85 and a 200 day moving average of $293.00. The company has a current ratio of 1.68, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

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

Insider Transactions at Moog

In related news, Director Brenda Reichelderfer sold 2,000 shares of Moog stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $312.27, for a total transaction of $624,540.00. Following the sale, the director owned 2,585 shares of the company’s stock, valued at $807,217.95. The trade was a 43.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.46% of the stock is owned by company insiders.

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.