5 Cheap Hot Stocks to Buy Now

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In this article, we will look at the 5 cheap hot stocks to buy now. If you want to explore similar stocks, you can check out 10 Cheap Hot Stocks to Buy Now.

5. Modine Manufacturing Company (NYSE:MOD)

PE Ratio as of January 6: 9.03

Performance (Q4 2022): 48.40%

Number of Hedge Fund Holders: 18

Modine Manufacturing Company (NYSE:MOD) is a global leader in thermal management technology and solutions, providing engineered components, systems and services to a wide range of industries. The company’s products are used in a wide range of industries, from automotive to commercial and industrial applications. At the end of Q3 2022, 18 hedge funds were long Modine Manufacturing Company (NYSE:MOD) and held stakes worth $110.7 million.

Modine Manufacturing Company (NYSE:MOD) is one of the best cheap hot stocks to buy now. The stock returned 48.40% to investors in the fourth quarter of 2022 and is trading at a PE multiple of 9x, as of January 6.

On December 6, CJS Securities analyst Stefanos Crist took coverage of Modine Manufacturing Company (NYSE:MOD) with an Outperform rating and a $25 price target.

As of September 30, Mario Gabelli’s GAMCO Investors is the top shareholder in Modine Manufacturing Company (NYSE:MOD) and has a position worth $41.5 million in the company.

Follow Modine Manufacturing Co (NYSE:MOD)

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