Park-Ohio (NASDAQ:PKOH) Stock Passes Above 200 Day Moving Average – Time to Sell?

Park-Ohio Holdings Corp. (NASDAQ:PKOH)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.12 and traded as high as $20.88. Park-Ohio shares last traded at $20.60, with a volume of 16,854 shares.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Park-Ohio in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Park-Ohio currently has an average rating of “Hold”.

Park-Ohio Price Performance

The company has a current ratio of 2.60, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75. The business has a 50-day moving average price of $20.50 and a 200 day moving average price of $19.12. The stock has a market cap of $296.64 million, a PE ratio of 10.15 and a beta of 1.34.

Park-Ohio (NASDAQ:PKOH) last announced its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). The firm had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $416.10 million. Park-Ohio had a return on equity of 12.27% and a net margin of 1.73%.

Insider Activity at Park-Ohio

In other Park-Ohio news, CEO Matthew V. Crawford purchased 4,167 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The shares were bought at an average cost of $20.04 per share, for a total transaction of $83,506.68. Following the purchase, the chief executive officer owned 911,237 shares of the company’s stock, valued at $18,261,189.48. This represents a 0.46% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 31.51% of the company’s stock.

Institutional Investors Weigh In On Park-Ohio

A number of hedge funds and other institutional investors have recently bought and sold shares of PKOH. CWM LLC boosted its holdings in shares of Park-Ohio by 238.4% in the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 856 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Park-Ohio during the 3rd quarter valued at $1,079,000. Squarepoint Ops LLC lifted its holdings in Park-Ohio by 58.6% during the 2nd quarter. Squarepoint Ops LLC now owns 31,247 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 11,542 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Park-Ohio by 377.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,699 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 2,134 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Park-Ohio during the 2nd quarter valued at about $90,000. Institutional investors own 51.38% of the company’s stock.

Park-Ohio Company Profile

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.