Thermon Group (NYSE:THR) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Thermon Group Holdings, Inc. (NYSE:THR) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $29.29 and traded as high as $30.13. Thermon Group shares last traded at $29.76, with a volume of 186,927 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 7th.

Thermon Group Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 21.88 and a beta of 1.10. The business’s 50-day moving average is $29.08 and its 200-day moving average is $29.29.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Insider Activity

In related news, SVP David Buntin sold 28,137 shares of Thermon Group stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares of the company’s stock, valued at approximately $1,857,401.95. The trade was a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Thermon Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its stake in shares of Thermon Group by 2.1% during the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock worth $595,000 after buying an additional 422 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of Thermon Group by 1.8% during the 3rd quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after purchasing an additional 506 shares in the last quarter. Quarry LP boosted its stake in Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company’s stock worth $25,000 after acquiring an additional 647 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Thermon Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,977 shares of the technology company’s stock valued at $546,000 after buying an additional 678 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC lifted its holdings in shares of Thermon Group by 1.7% in the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 47,057 shares of the technology company’s stock worth $1,404,000 after purchasing an additional 798 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.