Myers Industries Inc. (NYSE:MYE)’s share price was down 3.9% during trading on Tuesday . The company traded as low as $14.95 and last traded at $15.02, with a volume of 68,683 shares traded. The stock had previously closed at $15.63.

A number of equities analysts recently commented on MYE shares. Zacks Investment Research downgraded Myers Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, July 5th. TheStreet upgraded Myers Industries from a “sell” rating to a “hold” rating in a research note on Friday, April 15th.

The company’s 50-day moving average price is $14.85 and its 200 day moving average price is $13.06. The company has a market capitalization of $446.05 million and a P/E ratio of 49.87.

Myers Industries (NYSE:MYE) last announced its quarterly earnings data on Monday, May 2nd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. During the same quarter last year, the company posted $0.13 EPS. The company had revenue of $151.20 million for the quarter, compared to analyst estimates of $148 million. Myers Industries’s revenue was down 3.3% on a year-over-year basis. Analysts predict that Myers Industries Inc. will post $0.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Friday, June 17th were issued a $0.135 dividend. The ex-dividend date was Wednesday, June 15th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 3.59%.

In other Myers Industries news, CEO R David Banyard bought 20,000 shares of the stock in a transaction on Thursday, May 5th. The shares were purchased at an average cost of $13.90 per share, with a total value of $278,000.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $139,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jane Scaccetti bought 2,800 shares of the stock in a transaction on Wednesday, May 4th. The shares were acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the director now directly owns 2,800 shares of the company’s stock, valued at $38,360. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Myers Industries stock. Morgan Stanley raised its stake in shares of Myers Industries Inc. (NYSE:MYE) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,515 shares of the company’s stock after buying an additional 5,525 shares during the period. Morgan Stanley owned 0.48% of Myers Industries worth $1,939,000 as of its most recent SEC filing.

Myers Industries, Inc is an international manufacturing and distribution company. The Company operates through two segments: Material Handling, which designs, manufactures and markets a range of plastic and metal products, and Distribution, which is engaged in the distribution of equipment, tools and supplies used for tire servicing and automotive undervehicle repair and the manufacture of tire repair and retreading products.

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