Thermon Group (NYSE:THR) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Thermon Group Holdings, Inc. (NYSE:THR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.09 and traded as high as $27.84. Thermon Group shares last traded at $27.53, with a volume of 107,669 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Thermon Group in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Thermon Group Trading Up 1.0%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The company has a 50 day simple moving average of $26.43 and a two-hundred day simple moving average of $27.09. The company has a market cap of $910.01 million, a PE ratio of 17.42 and a beta of 1.09.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $108.90 million during the quarter, compared to the consensus estimate of $122.53 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. Sell-side analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Thermon Group

Several large investors have recently made changes to their positions in THR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Thermon Group by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,269 shares of the technology company’s stock valued at $2,223,000 after buying an additional 9,718 shares in the last quarter. GAMMA Investing LLC boosted its position in Thermon Group by 3,912.0% during the first quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $28,000 after purchasing an additional 978 shares during the period. Rhumbline Advisers boosted its position in Thermon Group by 3.7% during the first quarter. Rhumbline Advisers now owns 48,192 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 1,709 shares during the period. Wedge Capital Management L L P NC boosted its position in Thermon Group by 18.3% during the first quarter. Wedge Capital Management L L P NC now owns 49,353 shares of the technology company’s stock worth $1,374,000 after purchasing an additional 7,629 shares during the period. Finally, SG Americas Securities LLC boosted its position in Thermon Group by 221.6% during the first quarter. SG Americas Securities LLC now owns 20,346 shares of the technology company’s stock worth $567,000 after purchasing an additional 14,019 shares during the period. Institutional investors own 99.76% of the company’s stock.

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.