Enerpac Tool Group (NYSE:EPAC) Stock Price Down 6.5% – Time to Sell?

Enerpac Tool Group Corp. (NYSE:EPAC) shares dropped 6.5% during mid-day trading on Thursday . The company traded as low as $34.22 and last traded at $34.0950. 108,075 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 421,719 shares. The stock had previously closed at $36.46.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EPAC shares. Weiss Ratings lowered Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Roth Capital reissued a “buy” rating and issued a $50.00 price objective on shares of Enerpac Tool Group in a report on Thursday. Finally, Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Trading Up 4.0%

The company has a debt-to-equity ratio of 0.41, a current ratio of 2.67 and a quick ratio of 1.88. The company has a market cap of $1.81 billion, a PE ratio of 19.84 and a beta of 0.85. The company’s 50 day simple moving average is $34.82 and its two-hundred day simple moving average is $37.39.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Tuesday, July 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $167.55 million for the quarter, compared to the consensus estimate of $165.60 million. Enerpac Tool Group had a net margin of 14.72% and a return on equity of 23.21%. Enerpac Tool Group’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.87 EPS for the current fiscal year.

Institutional Trading of Enerpac Tool Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EPAC. Danske Bank A S acquired a new position in Enerpac Tool Group during the third quarter worth $45,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $47,000. Advisory Services Network LLC purchased a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at $61,000. Global Retirement Partners LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth about $78,000. Finally, State of Wyoming boosted its holdings in Enerpac Tool Group by 95.4% during the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after acquiring an additional 1,315 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.