In Wednesday’s Wall Street session, Columbus Mckinnon Corp (NASDAQ:CMCO) shares traded at $14.53, down -2.35% from the previous session.
CMCO stock price is now -5.19% away from the 50-day moving average and -46.23% away from the 200-day moving average. The market capitalization of the company currently stands at $416.03M.
With the price target maintained at $35, DA Davidson recently Downgraded its rating from Buy to Neutral for Columbus Mckinnon Corp (NASDAQ: CMCO). On February 11, 2025, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock keeping its target price maintained at $35, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Yeung Rebecca, Director bought 1,000 shares of the company’s stock on Jun 05 ’25. The stock was bought for $15,030 at an average price of $15.03. Upon completion of the transaction, the Director now directly owns 7,682 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02 ’25, Director Beliveau-Dunn Jeanne bought 1,000 shares of the business’s stock. A total of $13,890 was incurred on buying the stock at an average price of $13.89. This leaves the insider owning 3,576 shares of the company worth $51959.28. A total of 2.83% of the company’s stock is owned by insiders.
During the past 12 months, Columbus Mckinnon Corp has had a low of $11.78 and a high of $41.05. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 1.81, and a quick ratio of 1.04.
The net profit margin was -0.53% and return on equity was -0.58% for CMCO. The company reported revenue of $246.89 million for the quarter, compared to $265.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.01 percent.
