Thermon traded at $48.58 this Monday February 23rd, decreasing $2.44 or 4.78 percent since the previous trading session. Looking back, over the last four weeks, Thermon lost 12.25 percent. Over the last 12 months, its price rose by 71.00 percent. Looking ahead, we forecast Thermon to be priced at 49.44 by the end of this quarter and at 44.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Thermon Group Holdings, Inc. is a provider engineered industrial process heating solutions for process industries. The Company operates through four segments based on four geographic countries or regions: United States and Latin America (US-LAM), Canada, Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC). Its core thermal solutions product, heat tracing provides an external heat source to pipes, vessels, and instruments for the purposes of freeze protection, temperature and flow maintenance, environmental monitoring, and surface snow and ice melting. It also provides industrial process heating solutions focused on heating and filtration for industrial and hazardous area applications, which are sold under its Thermon Heating Solutions (THS) brand. The Company offers temporary power products that are designed to provide a safe and efficient means of supplying temporary electrical power distribution and lighting at energy infrastructure facilities.