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Myers Industries (NYSE:MYE) Sets New 1-Year Low at $14.28

Myers Industries logo with Industrial Products background

Myers Industries, Inc. (NYSE:MYE - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $14.28 and last traded at $14.43, with a volume of 10152 shares changing hands. The stock had previously closed at $14.41.

Wall Street Analyst Weigh In

A number of analysts have commented on MYE shares. KeyCorp boosted their price target on shares of Myers Industries from $22.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday, March 22nd. StockNews.com downgraded shares of Myers Industries from a "buy" rating to a "hold" rating in a research report on Thursday, May 16th.

Check Out Our Latest Stock Analysis on MYE

Myers Industries Stock Down 0.5 %

The company has a market capitalization of $533.16 million, a P/E ratio of 13.53 and a beta of 1.25. The firm's 50 day moving average price is $17.89 and its two-hundred day moving average price is $19.20. The company has a current ratio of 1.75, a quick ratio of 1.10 and a debt-to-equity ratio of 1.34.

Myers Industries (NYSE:MYE - Get Free Report) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.21 earnings per share for the quarter. Myers Industries had a net margin of 4.90% and a return on equity of 15.99%. The business had revenue of $207.10 million during the quarter. Equities research analysts forecast that Myers Industries, Inc. will post 1.38 EPS for the current year.


Myers Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Tuesday, June 18th will be paid a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, June 18th. Myers Industries's dividend payout ratio (DPR) is presently 50.94%.

Institutional Trading of Myers Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gamco Investors INC. ET AL grew its stake in Myers Industries by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 3,193,054 shares of the industrial products company's stock valued at $73,983,000 after purchasing an additional 21,724 shares during the period. Vanguard Group Inc. raised its holdings in shares of Myers Industries by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 2,846,620 shares of the industrial products company's stock valued at $65,956,000 after buying an additional 182,215 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Myers Industries by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,603,575 shares of the industrial products company's stock valued at $31,350,000 after buying an additional 48,459 shares in the last quarter. Pacer Advisors Inc. bought a new position in Myers Industries during the 4th quarter worth approximately $16,196,000. Finally, Charles Schwab Investment Management Inc. grew its position in Myers Industries by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 487,725 shares of the industrial products company's stock worth $9,535,000 after acquiring an additional 23,882 shares during the last quarter. 90.82% of the stock is currently owned by institutional investors.

Myers Industries Company Profile

(Get Free Report)

Myers Industries, Inc engages in distribution of tire service supplies in Ohio. It operates through two segments, The Material Handling and Distribution. The Material Handling segment offers pallets, small parts bins, bulk shipping containers, and OEM parts, as well as storage and organization, and custom plastic products; and injection molded, rotationally molded or blow molded products, consumer fuel containers and tanks for water, fuel, and waste handling.

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