In yesterday’s Wall Street session, Middleby Corp (NASDAQ:MIDD) shares traded at $141.75, down -0.30% from the previous session.
MIDD stock price is now 2.68% away from the 50-day moving average and 2.54% away from the 200-day moving average. The market capitalization of the company currently stands at $7.63B.
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On May 22, 2024, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $145 to quote $118, while ‘Canaccord Genuity’ rates the stock as ‘Buy’
In other news, McCarthy Cathy L, Director sold 500 shares of the company’s stock on Nov 07 ’24. The stock was sold for $71,095 at an average price of $142.19. Upon completion of the transaction, the Director now directly owns 8,611 shares in the company, valued at $1.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Director McCarthy Cathy L bought 500 shares of the business’s stock. A total of $70,500 was incurred on buying the stock at an average price of $141.00. A total of 1.33% of the company’s stock is owned by insiders.
During the past 12 months, Middleby Corp has had a low of $118.41 and a high of $161.01. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 2.81, and a quick ratio of 1.70. According to the stock market information, the enterprise value for the company is $9446865920, which is based on a 19.53 price-to-earnings ratio, a 3.31 price-to-earnings-growth ratio, and a beta of 1.60. The fifty day moving average price for MIDD is $138.0044 and a two-hundred day moving average price translates $138.23685 for the stock.
The latest earnings results from Middleby Corp (NASDAQ: MIDD) was released for 2024-09-28. The net profit margin was 10.14% and return on equity was 11.73% for MIDD. The company reported revenue of $942.81 million for the quarter, compared to $980.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.86 percent.
