Shares are trading at $30.40 which is quite a bit higher than the 50 day moving average of $26.77 and significantly above the 200 day moving average of $24.30. The 50 day moving average was up $3.63 whereas the 200 day moving average was up $6.10 or +25.08%. Trading volume for Tower International, Inc. Commo was 236K in the last trading session. Trading volume was up 176.41% over the stocks average daily volume.
Investors are more bullish on the company lately if you take a look at the downtick in short interest. The stock experienced a fall in short interest of -12.52% between September 29, 2017 and October 13, 2017. Short shares decreased 24,716 over that period. The short-interest ratio increased to 3.0 and the percentage of shorted shares is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (TOWR). Strs Ohio downsized its holdings by selling 1,900 shares a decrease of 5.9% as of 09/30/2017. Strs Ohio claims 30,200 shares valued at $821,000. The value of the position overall is up by 14.0%. As of quarter end First Trust Advisors Lp had disposed of a total of 124 shares trimming its holdings by 0.8%. The value of the investment in (TOWR) went from $368,000 to $442,000 a change of $74,000 since the last quarter.
As of the end of the quarter Victory Capital Management Inc had bought 4,438 shares growing its position 7.6%. The value in dollars increased from $1,319,000 to $1,719,000 increasing 30.3% for the reporting period. Nationwide Fund Advisors trimmed its ownership by shedding 704 shares a decrease of 0.6%. Nationwide Fund Advisors controls 117,668 shares worth $3,201,000. The total value of its holdings increased 20.5%.
The company is so far trading up by 1.84% since yesterday’s close of $30.40. Tower International, Inc. Commo also declared a dividend for shareholders which will be paid on Friday the 8th of December 2017. The dividend payment will be $0.120 per share for the quarter which comes to $0.48 on an annualized basis. This dividend represents a yield of $1.75. The ex-dividend date is Tuesday the 8th of August 2017.
The company currently has a P/E ratio of 8.85 and the market value is 623.84M. In the last earnings report the EPS was $3.44 and is estimated to be $3.64 for the current year with 20,521,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.85 with next year’s EPS anticipated to be $3.98.
Tower International, Inc., launched on April 18, 2007, is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Business’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs). As of December 31, 2016, the Business’s products were manufactured at 23 facilities, strategically located near its customers in North America and Europe. As of December 31, 2016, the Company supplied products for approximately 130 vehicle models..