Thermon Group Holdings Inc (THR) Stock: What Does the Chart Say Monday?

Overall market sentiment has been down on Thermon Group Holdings Inc (THR) stock lately. THR receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Thermon Group Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on THR!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With THR Stock Today?

Thermon Group Holdings Inc (THR) stock has gained 1.5% while the S&P 500 is lower by -0.18% as of 2:28 PM on Monday, Feb 5. THR has gained $0.37 from the previous closing price of $24.61 on volume of 344,690 shares. Over the past year the S&P 500 has gained 20.40% while THR is lower by -1.65%. THR earned $1.45 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 17.27. To screen for more stocks like Thermon Group Holdings Inc click here.

More About Thermon Group Holdings Inc

Thermon Group Holdings Inc is a United States-based company that provides engineered thermal solutions for process industries. The company's product portfolio comprises electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It also provides turnkey services and design and engineering services. The company's customers include large engineering, procurement, and construction companies; oil and gas companies; commercial subcontractors; electrical component distributors; and others. The company has a presence, with the United States, Canada, and Europe being its top three markets and contributing the majority of its sales. Click Here to get the full Stock Report for Thermon Group Holdings Inc stock.