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

Shares of Moog Inc (NYSE:MOG.B) gapped down prior to trading 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 traded.

Moog Stock Performance

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

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

Moog Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.29 dividend. The ex-dividend date was Friday, February 7th. This is a positive change from Moog’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.70%. Moog’s payout ratio is presently 17.66%.

About Moog

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.