Modine Stock Gaps Down On Today's Open (MOD)

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.

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