Park-Ohio (NASDAQ:PKOH) Stock Rating Lowered by StockNews.com

Park-Ohio (NASDAQ:PKOH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Park-Ohio Trading Down 4.1 %

Shares of PKOH opened at $21.35 on Thursday. The stock has a market cap of $303.83 million, a PE ratio of 17.08 and a beta of 1.16. Park-Ohio has a 1 year low of $21.06 and a 1 year high of $34.50. The stock has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $27.93. The company has a current ratio of 2.45, a quick ratio of 1.26 and a debt-to-equity ratio of 1.90.

Institutional Investors Weigh In On Park-Ohio

Large investors have recently bought and sold shares of the business. Federated Hermes Inc. grew its position in Park-Ohio by 74.9% during the 4th quarter. Federated Hermes Inc. now owns 2,204 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 944 shares during the last quarter. BNP Paribas Financial Markets grew its position in Park-Ohio by 105.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,256 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 1,669 shares during the last quarter. SG Americas Securities LLC bought a new stake in Park-Ohio during the 4th quarter worth approximately $106,000. Wells Fargo & Company MN boosted its position in Park-Ohio by 33.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,272 shares of the industrial products company’s stock valued at $138,000 after buying an additional 1,328 shares during the last quarter. Finally, L & S Advisors Inc bought a new position in Park-Ohio in the 3rd quarter valued at $230,000. 51.38% of the stock is currently owned by institutional investors.

About Park-Ohio

Park-Ohio Holdings Corp. provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally. It operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.