Moog (NYSE:MOG.B) Shares Gap Down – Here’s Why

Moog Inc (NYSE:MOG.B)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $172.44, but opened at $165.82. Moog shares last traded at $167.22, with a volume of 394 shares changing hands.

Moog Price Performance

The firm has a market capitalization of $5.26 billion, a P/E ratio of 25.34 and a beta of 1.11. The company has a quick ratio of 1.49, a current ratio of 2.46 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $189.34 and its 200-day moving average is $197.55.

Moog (NYSE:MOG.B) last issued its earnings results on Friday, January 24th. The aerospace company reported $1.78 EPS for the quarter. Moog had a return on equity of 14.44% and a net margin of 5.80%.

Moog Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, February 7th. This is a positive change from Moog’s previous quarterly dividend of $0.28. Moog’s dividend payout ratio (DPR) is 17.66%.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids.