ValuEngine Upgrades Burnham (OTCMKTS:BURCA) to “Hold”

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Burnham (OTCMKTS:BURCA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, ValuEngine reports.

Shares of OTCMKTS BURCA traded down $0.35 on Monday, hitting $13.80. The company’s stock had a trading volume of 400 shares, compared to its average volume of 1,398. Burnham has a 12-month low of $13.53 and a 12-month high of $15.60. The company has a market capitalization of $44.33 million, a price-to-earnings ratio of 7.92 and a beta of 0.18. The stock has a 50 day moving average of $14.05 and a 200-day moving average of $14.45.

Burnham (OTCMKTS:BURCA) last announced its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter. Burnham had a net margin of 0.64% and a return on equity of 10.29%. The company had revenue of $52.10 million for the quarter.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, aluminum, and steel boilers; cast iron and steel heat distribution products; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets.

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