Burnham (OTCMKTS:BURCA) Stock Price Breaks Below 200-Day Moving Average – Here’s What Happened

Burnham Holdings Inc. (OTCMKTS:BURCA – Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $24.54 and traded as low as $23.15. Burnham shares last traded at $23.15, with a volume of 106 shares changing hands.

Burnham Trading Up 0.9%

The company has a quick ratio of 0.94, a current ratio of 2.39 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average is $23.43 and its 200-day moving average is $24.53. The stock has a market capitalization of $81.26 million, a price-to-earnings ratio of -4.47 and a beta of 0.14.

Burnham (OTCMKTS:BURCA – Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter. The business had revenue of $56.60 million during the quarter. Burnham had a negative net margin of 8.95% and a positive return on equity of 13.34%.

About Burnham

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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.

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