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October 5, 2008 - 7:37am

Graham Corp. stock takes hit amid national financial turmoil

posted by Howard B. Owens in business, graham corp.

Batavia-based Graham Corp. hasn't been immune to the recent tumble in stock prices.

The company, which traded at a 52-week high of $109.82 in mid-August, closed Friday at $40.18, only 18 cents above it's 52-week low of $40, achieved in early January.

The stock lost 32 percent of its value in the past week, falling $18.68 per share.

On August 31, the Democrat and Chronicle ran a story noting that Graham was the region's best performing stock for the previous 12 months.

You can read company press releases and see it remains a strong financial performer.

In July, GHM announced a dividend increase and a 2-for-1 stock split to take effect tomorrow.

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