Burnham (OTCMKTS:BURCA) Shares Pass Above 200-Day Moving Average – What’s Next?

Burnham Holdings, Inc. (OTCMKTS:BURCA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.35 and traded as high as $17.61. Burnham shares last traded at $17.60, with a volume of 19,295 shares trading hands.

Burnham Trading Up 6.0 %

The company has a quick ratio of 3,191.78, a current ratio of 3,193.81 and a debt-to-equity ratio of 0.47. The stock has a market cap of $62.63 million, a PE ratio of 9.66 and a beta of 0.30. The business’s fifty day moving average is $15.36 and its 200 day moving average is $14.37.

Burnham (OTCMKTS:BURCA) last posted its earnings results on Thursday, February 20th. The industrial products company reported $2.05 earnings per share for the quarter. Burnham had a net margin of 3.51% and a return on equity of 8.84%. The firm had revenue of $94.10 million during the quarter.

Burnham Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Thursday, March 20th. Burnham’s payout ratio is currently 36.22%.

About Burnham

Burnham Holdings, Inc designs, manufactures, and sells boilers and related heating, ventilation, and air conditioning products and accessories for residential, commercial, and industrial applications in the United States and internationally. Its residential hydronic heating products include cast iron, stainless steel, and steel boilers; cast iron and steel heat distribution products; radiators; and warm air furnaces and central air conditioning systems for the residential heating and cooling markets, including units for the manufactured housing industry.