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Modine Manufacturing Company Inc. (MOD) Price Performance and Its Relation to the Tech Industry

Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Until today this year the stock’s price performance recorded an increase of 22.96%. However, over the last six months, the performance has been weaker by 13.74%. The price of MOD increased 17.97% over the last 30 days. And in the last five days, it has surged by 13.37%.

Modine Manufacturing Company (MOD) current stock price is $24.42. During the last trading session, the stock soared, reaching $24.499 after opening at $23.425. The stock’s lowest point was $22.28 before it closed at $19.73.

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Modine Manufacturing Company had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $26.90 on 03/06/23, while the lowest price during the same period was $8.49 on 07/05/22.

52-week price history of MOD Stock

A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Modine Manufacturing Company’s current trading price is -9.23% away from its 52-week high, while its distance from the 52-week low is 187.63%. The stock’s price range over this timeframe has been between $8.49 and $26.90. The shares of the Consumer Cyclical sector company recorded a trading volume of approximately 1.04 million for the day, which was comparatively higher than the average daily volume of 0.35 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Modine Manufacturing Company (MOD) has experienced a quarterly rise of 0.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.29B and boasts a workforce of 11100 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 22.30, with a change in price of +4.56. Similarly, Modine Manufacturing Company recorded 420,966 in trading volume during the last 100 days, posting a change of +22.96%.

MOD’s Debt-to-Equity Ratio: A Comprehensive Review

A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MOD stands at 0.79. Similarly, the long-term debt-to-equity ratio is also 0.73.

MOD Stock Stochastic Average

Modine Manufacturing Company’s raw stochastic average for the past 50 days is currently at 98.45%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 98.45%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 51.88% and 50.05%, respectively.

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