Moog (NYSE:MOG.A) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Moog Inc. (NYSE:MOG.AGet Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $293.00 and traded as high as $379.10. Moog shares last traded at $371.4040, with a volume of 222,173 shares trading hands.

Wall Street Analyst Weigh In

Separately, Truist Financial upgraded Moog to a “strong-buy” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy”.

Read Our Latest Research Report on MOG.A

Moog Price Performance

The stock has a 50-day moving average price of $317.11 and a 200 day moving average price of $293.53. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.68 and a quick ratio of 1.12. The firm has a market cap of $11.69 billion, a price-to-earnings ratio of 41.49 and a beta of 0.98.

Moog (NYSE:MOG.AGet Free Report) last posted its earnings results on Friday, April 24th. The aerospace company reported $2.64 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.28. Moog had a return on equity of 16.11% and a net margin of 6.83%.The business had revenue of $1.05 billion for the quarter. During the same quarter last year, the firm posted $1.92 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts forecast that Moog Inc. will post 10.61 earnings per share for the current fiscal year.

Insider Activity at Moog

In other news, Director Brenda Reichelderfer sold 2,000 shares of Moog stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $312.27, for a total transaction of $624,540.00. Following the sale, the director owned 2,585 shares in the company, valued at approximately $807,217.95. The trade was a 43.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.46% of the company’s stock.

Moog Company Profile

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Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.

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