A number of other research analysts have also recently commented on SHLO. Zacks Investment Research upgraded Shiloh Industries from a hold rating to a buy rating and set a $5.75 price objective on the stock in a report on Tuesday, July 23rd. ValuEngine upgraded Shiloh Industries from a strong sell rating to a sell rating in a report on Tuesday, July 2nd. Finally, TheStreet cut Shiloh Industries from a c- rating to a d rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Shiloh Industries has an average rating of Hold and an average price target of $9.92.
SHLO stock opened at $4.11 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.34 and a quick ratio of 1.03. The business has a 50 day simple moving average of $4.46 and a 200-day simple moving average of $5.14. The firm has a market capitalization of $95.64 million, a PE ratio of 6.63, a price-to-earnings-growth ratio of 1.76 and a beta of 1.70. Shiloh Industries has a 1 year low of $3.97 and a 1 year high of $12.28.
In related news, major shareholder Oak Tree Holdings Llc sold 604,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $5.18, for a total value of $3,130,792.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 37.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SHLO. New England Private Wealth Advisors LLC acquired a new position in Shiloh Industries in the second quarter valued at approximately $58,000. Weiss Asset Management LP acquired a new position in Shiloh Industries in the second quarter valued at approximately $75,000. JPMorgan Chase & Co. lifted its stake in Shiloh Industries by 120.4% during the second quarter. JPMorgan Chase & Co. now owns 32,970 shares of the basic materials company’s stock worth $152,000 after purchasing an additional 18,012 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in Shiloh Industries during the second quarter worth $186,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Shiloh Industries by 32.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,640 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 9,451 shares in the last quarter. Hedge funds and other institutional investors own 43.35% of the company’s stock.
About Shiloh Industries
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.
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