Park-Ohio (NASDAQ:PKOH) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Park-Ohio Holdings Corp. (NASDAQ:PKOH) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Wall Street Analyst Weigh In

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

Park-Ohio Trading Down 0.3%

The business has a 50 day moving average of $20.50 and a two-hundred day moving average of $19.12. The firm has a market capitalization of $296.64 million, a price-to-earnings ratio of 10.15 and a beta of 1.34. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.33 and a current ratio of 2.60.

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

Insider Activity at Park-Ohio

In related news, CEO Matthew V. Crawford bought 4,167 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were bought at an average price of $20.04 per share, for a total transaction of $83,506.68. Following the completion of the acquisition, the chief executive officer directly owned 911,237 shares of the company’s stock, valued at $18,261,189.48. This trade represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Park-Ohio

A number of institutional investors and hedge funds have recently bought and sold shares of PKOH. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Park-Ohio by 10.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,449 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 527 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Park-Ohio by 4.4% in the 2nd quarter. Rhumbline Advisers now owns 13,836 shares of the industrial products company’s stock worth $247,000 after buying an additional 589 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Park-Ohio by 5.8% in the first quarter. Trexquant Investment LP now owns 12,219 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 673 shares in the last quarter. CWM LLC increased its position in shares of Park-Ohio by 238.4% during the third quarter. CWM LLC now owns 1,215 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 856 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Park-Ohio by 5.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,831 shares of the industrial products company’s stock worth $580,000 after acquiring an additional 1,385 shares during the period. 51.38% of the stock is owned by hedge funds and other institutional investors.

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.