Gorman-Rupp Co (GRC) is Initiated by Sidoti to Neutral

Gorman-Rupp Co (GRC) was Initiated by Sidoti to “Neutral”. Sidoti advised their investors in a research report released on Sep 20, 2016.

On the company’s financial health, Gorman-Rupp Co reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.22. The company had revenue of $96.26 million for the quarter, compared to analysts expectations of $97.67 million. The company’s revenue was down -7.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

Gorman-Rupp Co closed down -0.18 points or -0.69% at $25.76 with 139,324 shares getting traded on Friday. Post opening the session at $26.08, the shares hit an intraday low of $25.36 and an intraday high of $26.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Aug 29, 2016, W Wayne Walston (director) sold 2,000 shares at $27.31 per share price. According to the SEC, on Aug 12, 2016, Kenneth R Reynolds (director) purchased 2,500 shares at $27.00 per share price. On May 9, 2016, Christopher H Lake (director) sold 3,000 shares at $27.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The Gorman-Rupp Company (Gorman-Rupp) designs manufactures and sells pumps and pump systems. The Company sells its products for use in water wastewater construction dewatering industrial petroleum original equipment agriculture fire protection heating ventilating and air conditioning (HVAC) military and other liquid-handling applications. The Company’s product line consists of pump models ranging in rated capacity from less than one gallon per minute to one million gallons per minute. The types of pumps produced by the Company include self-priming centrifugal standard centrifugal magnetic drive centrifugal axial and mixed flow vertical turbine line shaft submersible high pressure booster rotary gear diaphragm bellows and oscillating. The production operations of the Company are conducted at several locations throughout the United States and other countries.

Gorman-Rupp Co

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