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Consolidating Near Old Highs Following Recent Breakout - Thursday, December 1, 2022
Enpro Industries Inc (NPO +$0.03 or +0.03% to $118.83) inched higher today. Volume was +25% above average on the prior session as it managed a "positive reversal" and rebounded back above the pivot point cited. Fundamentals remain strong.
NPO was highlighted in yellow with pivot point cited based on its 1/14/22 high plus 10 cents in the 11/04/22 mid-day report (read here) and it was shown in greater detail with an annotated graph that evening under the headline, "Finished Strong After Highlighted in Friday Mid-Day Report". It had rallied into new 52-week high territory with impressive volume-driven gains after a 9-month consolidation.
NPO has a 98 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +65% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. Annual earnings growth has been steady even through the pandemic. It hails from the Machinery-Gen Industrial group which is currently ranked 32rd on the 197 Industry Groups list (L criteria).
Its small supply of only 20.8 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares fell from 411 in Mar '22 to 398 in Sep '22, however its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness Rating and a B Sponsorship Rating.
Its small supply of only 20.8 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares fell from 411 in Mar '22 to 398 in Sep '22, however its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness Rating and a B Sponsorship Rating.
Finished Strong After Highlighted in Friday Mid-Day Report - Friday, November 4, 2022
Enpro Industries Inc (NPO +$2.44 or +2.06% to $120.88) finished strong after highlighted in yellow with pivot point cited based on its 1/14/22 high plus 10 cents in the earlier mid-day report (read here). It faces no resistance due to overhead supply. Rallied into new 52-week high territory this week with impressive volume-driven gains after a 9-month consolidation.
NPO has a 98 Earnings Per Share Rating. It reported Sep '22 quarterly earnings +65% on +34% sales revenues versus the year ago period, its 3rd strong quarterly comparison above the +25% minimum earnings guideline (C criteria), helping it better match the winning models of the fact-based investment system. Annual earnings growth has been steady even through the pandemic. It hails from the Machinery-Gen Industrial group which is currently ranked 33rd on the 197 Industry Groups list (L criteria).
Its small supply of only 20.8 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares fell from 411 in Mar '22 to 400 in Sep '22, however its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness Rating and a B Sponsorship Rating..
Its small supply of only 20.8 million shares outstanding can contribute to greater price volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares fell from 411 in Mar '22 to 400 in Sep '22, however its current Up/Down Volume Ratio of 1.2 is an unbiased indication its shares have been under accumulation over the past 50 days. It has an A Timeliness Rating and a B Sponsorship Rating..
