Home Sectors Consumer Cyclical Current Technicals: Myers Industries (NYSE: MYE)

Current Technicals: Myers Industries (NYSE: MYE)


Myers Industries trades as part of the consumer cyclical sector and trades as part of the autos industry. The company CEO is R. David Banyard. Myers Industries Inc manufactures a range of polymer products for industrial, agricultural, automotive, commercial and consumer markets. It also manufactures plastic reusable material handling containers and pallets.

Previous Intraday Trading Performance:

The MYE stock showed a previous change of 0.52% with an open at 18.44 and a close of 18.40. It reached an intraday high of 18.55 and a low of 18.30.

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The stock has a market cap of $652.5m with 35.5m shares outstanding, of which the float is 32.6m shares. Trading volume reached 92,126 shares compared to its average volume of 129,323 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Myers Industries shares returned -0.98% and in the past 30 trading days it returned 4.43%. Over three months, it changed -0.04%. In one year it has changed -6.98% and within that year its 52-week high was 25.70 and its 52-week low was 14.24. MYE stock is 29.21% above its 52 Week Low.

Our calculations show a 200 day moving average of 17.61 and a 50 day moving average of 17.77. Currently MYE stock is trading 4.47% above its 200 day moving average and may be a good opportunity to buy.

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The last annual fiscal EPS for the company was reported at -0.05 that ended on 31st of December 2018. Based on 3 analyst estimates, the consensus EPS for the next quarter is 0.20. The TTM EPS is 0.79, which comes to a TTM PE of 23.29.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/08/2019): 0.19
4thQtr of 2018 (Reported on 02/28/2019): 0.07
3rdQtr of 2018 (Reported on 11/06/2018): -0.60
2ndQtr of 2018 (Reported on 07/30/2018): 0.26
1stQtr of 2018 (Reported on 05/07/2018): 0.22

The dividend per share is currently 0.54, which is a dividend yield of 2.93%.

Base on our calculations, the intrinsic value per share is 24.75, which means it is possibly undervalued and has a margin of safety of 25.67%.

Indicators to Watch:

Short-interest was 605,021, which was 1.71% of shares outstanding. The short-interest ratio or days-to-cover ratio was 5.14. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.62.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -2.79%, return on assets is -1.03%, profit margin is -0.59%, price-to-sales is 1.17 and price-to-book is 4.13.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 4  :Financial Strength Score
 3  :Future Growth Score
 3  :Dividend Score
 2  :Overall Score

John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.