Graham Corporation Stock Jumps 6% On Strong Q4 Results

(RTTNews) - Graham Corporation (GHM) shares climbed 5.99 percent, or $2.51, after the company reported strong quarterly results with net sales rising to $59.3 million from $49.1 million and net income more than tripling to $4.4 million from $1.3 million. The stock is currently trading at $44.51, up from a previous close of $42.00 on the New York Stock Exchange. It opened at $49.50 and has traded between $44.35 and $50.97 so far today, with volume reaching 349,186 shares well above the average of 72,892. Over the past 52 weeks, Graham has traded between $24.78 and $52.00. The earnings beat reflects continued operational momentum and improved profitability across its engineering and manufacturing segments.