Thor Industries Trading Active on Wall Street

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April 12, 2011 by   Comments Off on Thor Industries Trading Active on Wall Street

Shares of Thor Industries Inc. saw unusually high trading volume today (April 12) on Wall Street. Approximately 437,097 shares changed hands during mid-day trading, an increase of 34.50% from the previous session. The stock last traded at $30.43, American Banking & Market News reported.

Separately, analysts at Zacks Investment Research reiterated a “neutral” rating on shares of Thor in a research note to investors on March 31. Also, analysts at Soleil Securities downgraded shares of Thor from a “buy” rating to an “accumulate” rating in a research note to investors on March 11. They now have a $43 price target on the stock.

Thor  has a 52-week low of $20.74 and a 52-week high of $39.12. The stock’s 50-day moving average is $32.41 and its 200-day moving average is $33.3. The company has a market cap of $1.696 billion and a price-to-earnings ratio of 16.26.

Thor  last announced its quarterly results on March 10. The company reported 10 cents earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of 21 cents EPS by 11 cents. During the same quarter in the prior year, the company posted 22 cents earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. On average, analysts predict that Thor  will post 85 cents EPS next quarter.

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