PKOH Stock Summary and Trading Ideas (Park-Ohio Hldgs | NASDAQ:PKOH)

Park-Ohio Holdings Corp is a company, engaged in industrial supply chain logistics and diversified manufacturing business. It operates in three business segments namely Supply Technologies, Assembly Components and Engineered Products. Geographically, the business of the group is amplifying across the region of the United States, Asia, Europe, Canada, Mexico and others. The company derives most of the revenue from the Supply Technologies segment which provides the customer with total supply management services such as engineering and design support, supplier selection, quality assurance, barcoding, product packaging and tracking, just-in-time and point-of-use delivery and electronic billing services for a range of production components.

Park-Ohio Hldgs trades on the NASDAQ stock market under the symbol PKOH.

As of December 10, 2024, PKOH stock price climbed to $31.17 with 53,693 million shares trading.

PKOH has a beta of 1.13, meaning it tends to be more sensitive to market movements. PKOH has a correlation of 0.13 to the broad based SPY ETF.

PKOH has a market cap of $437.69 million. This is considered a Small Cap stock.

Last quarter Park-Ohio Hldgs reported $418 million in Revenue and $1.07 earnings per share. This fell short of revenue expectation by $-21 million and exceeded earnings estimates by $.18.

In the last 3 years, PKOH traded as high as $34.50 and as low as $9.23.

The top ETF exchange traded funds that PKOH belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

PKOH has outperformed the market in the last year with a return of +36.3%, while the SPY ETF gained +32.5%. In the last 3 month period, PKOH beat the market returning +11.6%, while SPY returned +10.2%. However, in the most recent 2 weeks PKOH has underperformed the stock market by returning -4.6%, while SPY returned +0.4%.

PKOH support price is $29.81 and resistance is $31.61 (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 PKOH shares will trade within this expected range on the day.