Shiloh Industries (NASDAQ:SHLO) Shares Down 7.8%

Shiloh Industries, Inc. (NASDAQ:SHLO)’s stock price was down 7.8% during trading on Friday . The company traded as low as $1.41 and last traded at $1.42, approximately 859,656 shares traded hands during mid-day trading. An increase of 3% from the average daily volume of 832,197 shares. The stock had previously closed at $1.54.

Separately, Zacks Investment Research raised shares of Shiloh Industries from a “sell” rating to a “hold” rating in a research note on Friday, May 8th.

The company’s fifty day moving average price is $1.51 and its 200-day moving average price is $1.90. The stock has a market cap of $34.38 million, a P/E ratio of -0.43 and a beta of 1.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 0.56.

Shiloh Industries (NASDAQ:SHLO) last released its earnings results on Thursday, July 23rd. The basic materials company reported ($1.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($1.13). The firm had revenue of $157.93 million during the quarter. Shiloh Industries had a negative return on equity of 18.25% and a negative net margin of 8.52%.

Several institutional investors have recently added to or reduced their stakes in SHLO. Weber Alan W lifted its holdings in Shiloh Industries by 2.8% during the 1st quarter. Weber Alan W now owns 1,649,908 shares of the basic materials company’s stock valued at $2,062,000 after buying an additional 45,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Shiloh Industries by 16.6% during the 4th quarter. Renaissance Technologies LLC now owns 339,811 shares of the basic materials company’s stock valued at $1,210,000 after buying an additional 48,300 shares in the last quarter. BlackRock Inc. lifted its holdings in Shiloh Industries by 5.7% during the 1st quarter. BlackRock Inc. now owns 240,793 shares of the basic materials company’s stock valued at $300,000 after buying an additional 13,076 shares in the last quarter. Sontag Advisory LLC bought a new stake in Shiloh Industries during the 1st quarter valued at about $219,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Shiloh Industries by 11.7% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,986 shares of the basic materials company’s stock valued at $174,000 after buying an additional 5,137 shares in the last quarter. Hedge funds and other institutional investors own 38.28% of the company’s stock.

About Shiloh Industries (NASDAQ:SHLO)

Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting solutions to automotive and commercial vehicle markets worldwide. The company produces components primarily for body structure, chassis, and propulsion systems. Its solution materials include aluminum, magnesium, steel, high strength steel alloys, and acoustic laminates; body structure components comprise shock towers, instrument panels/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, liftgates, door inners, roof supports/roof panels, dashpanels, and body sides; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers, ptu covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, steering pumps, brake components, wheel blanks, and flanges.

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