Price Action Alert: Will Graham Corporation Run Out of Steam Soon?

Price Action Alert: Will Graham Corporation Run Out of Steam Soon?

The stock of Graham Corporation (NYSE:GHM) hit a new 52-week high and has $24.25 target or 3.00% above today’s $23.54 share price. The 7 months bullish chart indicates low risk for the $240.86M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $24.25 price target is reached, the company will be worth $7.23 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,583 shares traded hands. Graham Corporation (NYSE:GHM) has risen 20.86% since April 22, 2016 and is uptrending. It has outperformed by 15.46% the S&P500.

Analysts await Graham Corporation (NYSE:GHM) to report earnings on February, 3. They expect $0.09 EPS, down 30.77% or $0.04 from last year’s $0.13 per share. GHM’s profit will be $920,875 for 65.39 P/E if the $0.09 EPS becomes a reality. After $0.14 actual EPS reported by Graham Corporation for the previous quarter, Wall Street now forecasts -35.71% negative EPS growth.

According to Zacks Investment Research, “Graham Corporation designs and builds vacuum and heat transfer equipment for process industries and energy markets worldwide. The Company’s products include steam jet ejector vacuum systems and liquid ring vacuum pumps, surface condensers, Heliflows, water heaters, and various types of heat exchangers. It markets to chemical, petrochemical, petroleum refining, and electric power generating industries, including cogeneration and geothermal plants. Graham Corporation is headquartered in Batavia, New York.”

Insitutional Activity: The institutional sentiment increased to 1.54 in Q2 2016. Its up 0.37, from 1.17 in 2016Q1. The ratio is positive, as 5 funds sold all Graham Corporation shares owned while 25 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 7.11 million shares or 6.04% less from 7.56 million shares in 2016Q1.
Cobblestone Capital Advisors Lc holds 187,278 shares or 0.49% of its portfolio. Rk Cap Mgmt Lc accumulated 372,494 shares or 1.22% of the stock. Tower Lc (Trc) holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 360 shares. Blackrock Incorporated has invested 0% of its portfolio in Graham Corporation (NYSE:GHM). Royal National Bank Of Canada, a Ontario – Canada-based fund reported 1,025 shares. Blackrock Inv Management Ltd Liability Com holds 0% or 40,601 shares in its portfolio. Vanguard Gru Inc holds 0% of its portfolio in Graham Corporation (NYSE:GHM) for 349,300 shares. Value Lp reported 32,030 shares or 0.38% of all its holdings. Bankshares Of America De accumulated 0% or 9,101 shares. Moors Cabot Inc reported 30,666 shares or 0.1% of all its holdings. Bnp Paribas Arbitrage Sa accumulated 355 shares or 0% of the stock. State Bank Of New York Mellon Corp reported 66,653 shares or 0% of all its holdings. Perritt Cap Management has invested 0.49% of its portfolio in Graham Corporation (NYSE:GHM). California Pub Employees Retirement accumulated 0% or 32,000 shares. Lafitte Capital Mngmt Ltd Partnership, a Texas-based fund reported 500,000 shares.

Insider Transactions: Since August 16, 2016, the stock had 0 insider buys, and 4 insider sales for $299,147 net activity. MAZURKIEWICZ GERARD T also sold $9,750 worth of Graham Corporation (NYSE:GHM) on Tuesday, September 6. 7,833 shares were sold by Glajch Jeffrey, worth $160,802. $90,023 worth of Graham Corporation (NYSE:GHM) was sold by Condame Jennifer R on Tuesday, August 16.

More recent Graham Corporation (NYSE:GHM) news were published by: Zacks.com which released: “Graham Corporation (GHM) Catches Eye: Stock Jumps 5.2%” on November 25, 2016. Also Seekingalpha.com published the news titled: “Graham Corporation’s (GHM) CEO Jim Lines on Q2 2017 Results – Earnings Call …” on November 01, 2016. Nasdaq.com‘s news article titled: “Graham Corporation (GHM) Ex-Dividend Date Scheduled for November 09, 2016” with publication date: November 08, 2016 was also an interesting one.

GHM Company Profile

Graham Corporation, incorporated on March 7, 1983, designs, makes and sells critical equipment for the energy, defense and chemical/petrochemical industries. The Firm creates and makes custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. The Firm is also a nuclear code accredited fabrication and specialty machining company. It supplies components used inside reactor vessels and outside containment vessels of nuclear power facilities. The Company’s equipment is found in other applications, such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. For the defense industry, its equipment is used in nuclear propulsion power systems for the United States Navy. The Company’s subsidiary, Energy Steel & Supply Co. (Energy Steel), is located in Lapeer, Michigan. The Company’s subsidiary, Graham Vacuum and Heat Transfer Technology (Suzhou) Co., Ltd. (GVHTT), is located in Suzhou, China. GVHTT provides sales and engineering support for the Company in the People’s Republic of China and management oversight throughout Southeast Asia.

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