MOD Stock Summary and Trading Ideas (Modine Manufacturing Company | NYSE:MOD)

Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.

Modine Manufacturing Company trades on the NYSE stock market under the symbol MOD.

As of May 14, 2024, MOD stock price climbed to $103.98 with 163,210 million shares trading.

MOD has a beta of 1.99, meaning it tends to be more sensitive to market movements. MOD has a correlation of 0.19 to the broad based SPY ETF.

MOD has a market cap of $5.41 billion. This is considered a Mid Cap stock.

Last quarter Modine Manufacturing Company reported $561 million in Revenue and $.74 earnings per share. This fell short of revenue expectation by $-34 million and exceeded earnings estimates by $.15.

In the last 3 years, MOD stock traded as high as $109.13 and as low as $7.67.

The top ETF exchange traded funds that MOD belongs to (by Net Assets): VTI, IWM, VXF, VB, VBK.

MOD has outperformed the market in the last year with a price return of +407.5% while the SPY ETF gained +28.2%. MOD has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +41.8% and +8.8%, respectively, while the SPY returned +5.7% and +2.1%, respectively.

MOD support price is $97.69 and resistance is $104.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MOD stock will trade within this expected range on the day.