Moog Inc. (NYSE:MOG.B) experienced a notable increase in its share price before the market opened on Wednesday, rising from a previous close of $244.00 to an opening price of $255.00. The stock continued to gain momentum, with its last traded price reaching $260.80 and a trading volume of 482 shares.
Moog’s Financial Performance and Key Metrics
Moog’s financial health reflects stability, evidenced by a debt-to-equity ratio of 0.47, a current ratio of 2.12, and a quick ratio of 1.30. The company boasts a market capitalization of $8.34 billion and a price-to-earnings (P/E) ratio of 36.21, accompanied by a beta of 0.71. Its fifty-day simple moving average sits at $231.68, while the 200-day simple moving average is $211.07.
The company recently reported its quarterly earnings on November 21, 2023. Moog achieved earnings per share (EPS) of $2.56 during the quarter, demonstrating a return on equity of 14.59% and a net margin of 6.03%. Revenue for the quarter totaled $1.05 billion, indicating a solid performance in its operational sectors.
About Moog Inc.
Founded in 1951, Moog Inc. is a prominent global designer and manufacturer of precision motion control systems and components. The company specializes in various high-performance applications, including flight control systems, servo valves, actuators, electric and composite products, as well as advanced software solutions. Moog’s engineering capabilities encompass both hydraulic and electric technologies, enabling the delivery of tailored solutions for mission-critical environments.
The primary markets served by Moog include aerospace and defense, industrial automation, energy, and medical technologies. As the company continues to innovate, it remains focused on providing high-quality products and services that meet the demands of its diverse clientele.
With its recent share price surge and strong financial performance, Moog Inc. may attract the attention of investors looking for opportunities in the aerospace and defense sector.
