Grana y Montero SAA (NYSE:GRAM) Stock Crosses Above 50 Day Moving Average of $2.94

Grana y Montero SAA (NYSE:GRAM)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $2.94 and traded as high as $2.54. Grana y Montero SAA shares last traded at $2.52, with a volume of 6,766 shares changing hands.

Several analysts recently weighed in on GRAM shares. ValuEngine upgraded Grana y Montero SAA from a “hold” rating to a “buy” rating in a report on Tuesday, August 6th. Zacks Investment Research upgraded Grana y Montero SAA from a “sell” rating to a “hold” rating in a report on Tuesday, June 25th.

The company has a 50-day simple moving average of $2.93 and a 200 day simple moving average of $3.16. The company has a market cap of $332.67 million, a P/E ratio of -9.59 and a beta of 0.25. The company has a current ratio of 1.30, a quick ratio of 1.08 and a debt-to-equity ratio of 0.40.

A number of institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new position in shares of Grana y Montero SAA during the 1st quarter worth $556,000. Janney Montgomery Scott LLC bought a new position in shares of Grana y Montero SAA during the 1st quarter worth $46,000. Finally, Morgan Stanley grew its position in shares of Grana y Montero SAA by 134.2% during the 2nd quarter. Morgan Stanley now owns 195,544 shares of the construction company’s stock worth $616,000 after buying an additional 112,037 shares in the last quarter. 10.90% of the stock is currently owned by institutional investors.

Grana y Montero SAA Company Profile (NYSE:GRAM)

Graña y Montero SAA., together with its subsidiaries, engages in engineering and construction, infrastructure, and real estate businesses in Peru, Chile, and Colombia. The company operates through Engineering and Construction, Infrastructure, Real Estate, and Technical Services segments. The Engineering and Construction segment provides traditional engineering services, such as structural, civil, and design engineering; and services ranging from architectural planning to advanced specialties comprising process design, simulation, and environmental services.

Further Reading: Equity Income

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