News headlines about Thermon Group Holdings (NYSE:THR) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Thermon Group Holdings earned a daily sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.4463135911928 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have effected Accern’s scoring:

A number of equities research analysts have recently commented on the company. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BidaskClub upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Wolfe Research assumed coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Zacks Investment Research upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Jefferies Group LLC restated a “buy” rating and set a $22.00 target price (up from $21.00) on shares of Thermon Group Holdings in a research report on Sunday, May 28th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Thermon Group Holdings currently has an average rating of “Hold” and an average target price of $21.50.

Thermon Group Holdings (NYSE THR) traded down 2.25% during midday trading on Friday, reaching $16.96. The company had a trading volume of 115,458 shares. The stock has a market capitalization of $549.55 million, a PE ratio of 44.63 and a beta of 0.98. The firm’s 50 day moving average is $18.29 and its 200 day moving average is $19.56. Thermon Group Holdings has a 1-year low of $16.17 and a 1-year high of $21.48.

Thermon Group Holdings (NYSE:THR) last issued its earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a return on equity of 3.88% and a net margin of 4.99%. The company had revenue of $51.70 million for the quarter, compared to analyst estimates of $58.35 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was down 18.5% compared to the same quarter last year. On average, equities analysts anticipate that Thermon Group Holdings will post $0.43 EPS for the current fiscal year.

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Thermon Group Holdings Company Profile

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