Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Modine Manufacturing Co before investing.

In this article, we go over a few key elements for understanding Modine Manufacturing Co’s stock price such as:

• Modine Manufacturing Co’s current stock price and volume
• Why Modine Manufacturing Co’s stock price changed recently
• Upgrades and downgrades for MOD from analysts
• MOD’s stock price momentum as measured by its relative strength

About Modine Manufacturing Co (MOD)

Before we jump into Modine Manufacturing Co’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Modine Manufacturing Company specializes in thermal management systems and components, providing engineered heating and cooling components, original equipment products, and systems to diversified global markets. The Company Climate Solutions and Performance Technologies. The Climate Solutions segment provides energy-efficient, climate-controlled solutions and components for a wide array of applications. The Climate Solutions segment sells heat transfer products, heating, ventilating, air conditioning and refrigeration (HVAC and refrigeration) products, and data center cooling solutions. The Performance Technologies segment designs and manufactures air- and liquid-cooled technology for vehicular, stationary power, and industrial applications. The Performance Technologies segment also provides advanced thermal solutions to zero-emission and hybrid commercial vehicle and automotive customers and coating products and application services.

Want to learn more about Modine Manufacturing Co’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Modine Manufacturing Co.

Modine Manufacturing Co’s Stock Price as of Market Close

As of March 08, 2024, 4:00 PM, CST, Modine Manufacturing Co’s stock price was $83.86.

Modine Manufacturing Co is down 5.16% from its previous closing price of $88.42.

During the last market session, Modine Manufacturing Co’s stock traded between $87.92 and $91.49. Currently, there are 52.30 million shares of Modine Manufacturing Co stock available for purchase.

Modine Manufacturing Co’s price-earnings (P/E) ratio is currently at 20.8, which is high compared to the Auto, Truck & Motorcycle Parts industry median of 15.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Modine Manufacturing Co Stock Price History

Modine Manufacturing Co’s (MOD) price is currently down 6.52% so far this month.

During the month of March, Modine Manufacturing Co’s stock price has reached a high of $96.00 and a low of $82.30.

Over the last year, Modine Manufacturing Co has hit prices as high as $96.00 and as low as $19.41. Year to date, Modine Manufacturing Co’s stock is up 322.26%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Modine Manufacturing Co Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 07, 2024, there was 1 analyst who downgraded Modine Manufacturing Co’s stock and 3 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Modine Manufacturing Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Modine Manufacturing Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Modine Manufacturing Co’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Modine Manufacturing Co (MOD) by visiting AAII Stock Evaluator.

Relative Price Strength of Modine Manufacturing Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 07, 2024, Modine Manufacturing Co has a weighted four-quarter relative price strength of 33.28%, which translates to a Momentum Score of 96 and is considered to be Very Strong.

Want to learn more about how Modine Manufacturing Co is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Modine Manufacturing Co Stock Price: Bottom Line

As of March 8, 2024, Modine Manufacturing Co’s stock price is $83.86, which is down 5.16% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Modine Manufacturing Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.