Burnham (OTCMKTS:BURCA) Shares Break Below 200 Day Moving Average – Should You Sell?

Burnham Holdings Inc. (OTCMKTS:BURCA)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $24.40 and traded as low as $22.55. Burnham shares last traded at $22.55, with a volume of 450 shares changing hands.

Burnham Stock Performance

The company has a market cap of $78.43 million, a price-to-earnings ratio of -4.32 and a beta of 0.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 2.39. The business’s 50 day moving average price is $23.29 and its 200-day moving average price is $24.39.

Burnham (OTCMKTS:BURCA) last released its quarterly earnings data on Thursday, July 23rd. The industrial products company reported $0.48 EPS for the quarter. Burnham had a negative net margin of 8.95% and a positive return on equity of 13.34%. The company had revenue of $56.60 million during the quarter.

About Burnham

Burnham Holdings, Inc is a manufacturer of heating equipment serving residential, commercial and industrial markets. Through its operating businesses, the company produces boilers and related hydronic heating products used in homes, commercial buildings, institutional facilities and industrial applications.

Its product offerings have included cast-iron and steel boilers, gas- and oil-fired heating systems, hot-water and steam equipment, and replacement components and accessories. The company’s brands and subsidiaries have historically included U.S.