Modine Stock Hits New 52-Week Low (MOD)

NEW YORK ( TheStreet) -- Modine Manufacturing Company (NYSE: MOD) hit a new 52-week low Thursday as it is currently trading at $8.96, below its previous 52-week low of $9.20 with 13,171 shares traded as of 9:36 a.m. ET. Average volume has been 309,800 shares over the past 30 days.

Modine has a market cap of $454.4 million and is part of the consumer goods sector and automotive industry. Shares are down 39.6% year to date as of the close of trading on Wednesday.

Modine Manufacturing Company engages in the development, manufacture, and marketing of thermal management products, components, and systems for use in various original equipment manufacturer (OEM) applications, and to various building and other commercial markets. The company has a P/E ratio of 26.4, below the average automotive industry P/E ratio of 27.1 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Modine as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full Modine Ratings Report.

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