The stock of Sun Hydraulics Corporation (NASDAQ:SNHY) is a huge mover today! About 242,603 shares traded hands or 414.87% up from the average. Sun Hydraulics Corporation (NASDAQ:SNHY) has declined 10.77% since April 5, 2016 and is downtrending. It has underperformed by 12.73% the S&P500.
The move comes after 5 months positive chart setup for the $953.32 million company. It was reported on Nov, 8 by Barchart.com. We have $42.79 PT which if reached, will make NASDAQ:SNHY worth $238.33M more.
According to Zacks Investment Research, “Sun Hydraulics is a leading designer and manufacturer of high-performance, screw-in hydraulic cartridge valves and manifolds which control force, speed and motion as integral components in fluid power systems. The Company sells its products globally through independent distributors.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.37, from 1.49 in 2016Q1. The ratio worsened, as 11 funds sold all Sun Hydraulics Corporation shares owned while 30 reduced positions. 12 funds bought stakes while 34 increased positions. They now own 20.31 million shares or 0.11% less from 20.33 million shares in 2016Q1.
Ameriprise Financial, a Minnesota-based fund reported 147,412 shares. Deprince Race Zollo Inc, a Florida-based fund reported 121,592 shares. Baldwin Brothers Ma accumulated 10,183 shares or 0.06% of the stock. Moreover, Vanguard Grp Inc has 0% invested in Sun Hydraulics Corporation (NASDAQ:SNHY) for 1.65M shares. Moreover, Morgan Stanley has 0% invested in Sun Hydraulics Corporation (NASDAQ:SNHY) for 11,532 shares. Us Comml Bank De reported 22,883 shares or 0% of all its holdings. Price T Rowe Associate Md reported 3.05 million shares or 0.02% of all its holdings. Ladenburg Thalmann Fin Svcs, a Florida-based fund reported 633 shares. Loomis Sayles Lp last reported 149,518 shares in the company. Deutsche State Bank Ag accumulated 0% or 3,601 shares. Grp Inc holds 0% of its portfolio in Sun Hydraulics Corporation (NASDAQ:SNHY) for 13,394 shares. Thompson Siegel Walmsley Ltd has 600 shares for 0% of their US portfolio. Rhumbline Advisers, a Massachusetts-based fund reported 27,433 shares. Dimensional Fund Advsr Ltd Partnership last reported 0.01% of its portfolio in the stock. Iat Reinsurance Ltd holds 150,000 shares or 3.1% of its portfolio.
Insider Transactions: Since June 30, 2016, the stock had 0 buys, and 4 selling transactions for $3.48 million net activity. 18,500 shares were sold by KOSKI CHRISTINE L, worth $576,263 on Thursday, August 25.
More important recent Sun Hydraulics Corporation (NASDAQ:SNHY) news were published by: Marketwatch.com which released: “Sun Hydraulics upgraded to outperform from neutral at RW Baird” on December 22, 2009, also Fool.com published article titled: “Weak Mining, Energy Sector Demand Dents Sun Hydraulics Corporation Earnings”, Fool.com published: “Sun Hydraulics Corporation Weathers the Forex Storm” on March 01, 2016. More interesting news about Sun Hydraulics Corporation (NASDAQ:SNHY) was released by: Fool.com and their article: “Sun Hydraulics Corporation Earnings Dented by Construction Slowdown” with publication date: May 13, 2016.
SNHY Company Profile
Sun Hydraulics Corporation (Sun), incorporated on December 31, 1986, creates and makes screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Firm operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, creates and makes screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems. The Firm sells its products globally through subsidiaries and independent distributors. The Firm has activities in the United States, England, Germany, France, South Korea, China and India. The Company’s standard cartridge valves and manifolds are offered in multiple versions and size ranges. The product array features over five different capacities, with capacity doubling with each successive size. Each version offers a subtle variation of functionality. This allows machine designers to choose a product that is optimal to the operating conditions of the equipment they are designing. The Firm has approximately 90 distributors, over 50 of which are located outside the United States. The Company’s subsidiaries include Sun Hydraulik Holdings Limited, Sun Hydraulics Korea Corporation and High Country Tek.
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