Shares of Modine Manufacturing Company (NYSE:MOD) were gapping down Friday morning with an open price 13.9% lower than Thursday's closing price. The stock closed at $11.25 yesterday and opened today's trading at $9.69.
NEW YORK ( TheStreet) -- Shares of Modine Manufacturing Company (NYSE: MOD) were gapping down Friday morning with an open price 13.9% lower than Thursday's closing price. The stock closed at $11.25 Thursday and opened today's trading at $9.69. The average volume for Modine has been 247,900 shares per day over the past 30 days. Modine has a market cap of $509.3 million and is part of the consumer goods sector and automotive industry. Shares are up 18.9% year to date as of the close of trading on Thursday. Modine Manufacturing Company engages in the development, manufacture, and marketing of heat exchangers and systems for use in on-highway and off-highway original equipment manufacturer (OEM) vehicular applications, and to various building, industrial, refrigeration, and fuel cell markets. The company has a P/E ratio of 16.5, below the average automotive industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Modine as a hold. The company's strengths can be seen in multiple areas, such as its 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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.