Benchmark Electronics, Inc. (NYSE:BHE) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,030,000 shares, an increase of 22.6% from the September 30th total of 840,400 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 264,100 shares, the short-interest ratio is presently 3.9 days.
Shares of Benchmark Electronics stock traded up $0.33 during trading hours on Friday, reaching $33.86. 179,046 shares of the company’s stock were exchanged, compared to its average volume of 264,361. The company has a 50 day moving average of $31.35 and a two-hundred day moving average of $27.08. Benchmark Electronics has a fifty-two week low of $20.01 and a fifty-two week high of $34.70. The company has a current ratio of 2.72, a quick ratio of 2.00 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.24 billion, a P/E ratio of 23.35 and a beta of 0.89.
Benchmark Electronics (NYSE:BHE) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.02. Benchmark Electronics had a net margin of 2.40% and a return on equity of 5.49%. The company had revenue of $555.00 million during the quarter, compared to the consensus estimate of $539.55 million. During the same period in the prior year, the business posted $0.33 EPS. The company’s quarterly revenue was down 13.4% on a year-over-year basis.
In related news, VP Lisa K. Weeks sold 3,518 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $28.31, for a total value of $99,594.58. Following the completion of the transaction, the vice president now directly owns 24,224 shares of the company’s stock, valued at approximately $685,781.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth about $39,000. SG Americas Securities LLC acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth about $111,000. Convergence Investment Partners LLC acquired a new position in shares of Benchmark Electronics during the 3rd quarter worth about $156,000. Stephens Inc. AR boosted its stake in shares of Benchmark Electronics by 7.4% during the 2nd quarter. Stephens Inc. AR now owns 8,208 shares of the technology company’s stock worth $206,000 after buying an additional 567 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new position in shares of Benchmark Electronics during the 2nd quarter worth about $266,000. Institutional investors own 94.08% of the company’s stock.
Benchmark Electronics Company Profile
Benchmark Electronics, Inc, together with its subsidiaries, provides product design, engineering services, technology solutions, and advanced manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing, and automation equipment design and build services.
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