Delphi Technologies PLC (NYSE:DLPH) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 5,794,800 shares, a decrease of 6.4% from the June 30th total of 6,191,800 shares. Based on an average trading volume of 1,280,000 shares, the days-to-cover ratio is presently 4.5 days. Currently, 6.6% of the company’s stock are sold short.
Several institutional investors have recently bought and sold shares of the company. Weaver Consulting Group bought a new stake in Delphi Technologies in the 1st quarter valued at about $28,000. Price Wealth Management Inc. acquired a new position in Delphi Technologies during the 2nd quarter valued at about $38,000. Nomura Asset Management Co. Ltd. acquired a new position in Delphi Technologies during the 2nd quarter valued at about $47,000. Royal London Asset Management Ltd. acquired a new position in Delphi Technologies during the 1st quarter valued at about $65,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Delphi Technologies during the 1st quarter valued at about $84,000. Institutional investors own 86.86% of the company’s stock.
Shares of Delphi Technologies stock traded up $0.83 during trading hours on Friday, reaching $14.65. The company’s stock had a trading volume of 1,000,800 shares, compared to its average volume of 1,330,678. The company’s 50 day simple moving average is $17.45 and its 200 day simple moving average is $19.47. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.93 and a current ratio of 1.35. Delphi Technologies has a one year low of $13.18 and a one year high of $40.21. The stock has a market cap of $1.30 billion, a P/E ratio of 3.34, a price-to-earnings-growth ratio of 0.62 and a beta of 2.83.
A number of research firms have commented on DLPH. Barclays reiterated a “buy” rating and set a $26.00 price objective on shares of Delphi Technologies in a research note on Monday, May 6th. Morgan Stanley set a $19.00 price objective on shares of Delphi Technologies and gave the company a “hold” rating in a research note on Wednesday, June 26th. Zacks Investment Research downgraded shares of Delphi Technologies from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Credit Suisse Group began coverage on shares of Delphi Technologies in a research note on Wednesday, June 26th. They set a “neutral” rating and a $21.00 price objective on the stock. Finally, Goldman Sachs Group upgraded shares of Delphi Technologies from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $25.00 to $24.00 in a research report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Delphi Technologies presently has an average rating of “Hold” and a consensus target price of $24.00.
Delphi Technologies Company Profile
Delphi Technologies PLC engages in the design, development, and manufacture of integrated powertrain technologies worldwide. The company operates through two segments, Powertrain Systems and Delphi Technologies Aftermarket. The Powertrain Systems segment provides fuel injection systems, as well as other powertrain products comprising valvetrain, fuel delivery modules, ignition coils, canisters, sensors, valves, and actuators; and electronic control modules with the corresponding software, algorithms, and calibration that provide centralized management of various powertrain components.
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