Revenue Update on Sun Hydraulics Corporation(NASDAQ:SNHY)

Sun Hydraulics Corporation(NASDAQ:SNHY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $50.81M. Analysts estimated a revenue of $50.15M. Earnings per share were $0.26. Analysts had estimated an EPS of $0.26.

Sun Hydraulics Corporation (SNHY) remained unchanged at the close of Friday session. Even as the volume increased to 32,225 ,the shares failed to make any impression and ended at 0 points or 0.00% at $29.47. The trading session commenced at $29.42 and the stock hit a high of $29.67 and touched $29.13 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $35.93 and the 52-week low is $24. The company has a market cap of $793 M and has approximately 2,69,22,090 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Mark B Bokorney (Officer) sold 387 shares at $35.90 per share price.Also, On Apr 28, 2016, Tricia L Fulton (Chief Financial Officer) sold 111 shares at $35.00 per share price.On Mar 30, 2016, Allen J Carlson (President, CEO) sold 14,466 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Sun Hydraulics Corporation (Sun) manufactures hydraulics components and systems used to transmit power and control force speed and motion. The Company at components level designs and manufactures screw-in hydraulic cartridge valves manifolds and integrated fluid power packages and subsystems. The Company sells its products through a combination of wholly owned companies representative sales offices and independent and authorized distributors. The Company has operations in the United States England Germany France South Korea China and India. The Screw-in Hydraulic Valves products offers self-aligning cartridge valves. The Standard Manifolds products offer metallic manifolds. The Integrated Packages product provides customer specific cartridge valves. The Electronic Controllers products design and manufacture electronic controllers.

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