Myers Industries Inc. (NYSE:MYE) traded down 4.2% during trading on Friday . The stock traded as low as $14.82 and last traded at $14.95, with a volume of 63,185 shares changing hands. The stock had previously closed at $15.61.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Myers Industries from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, May 5th. TheStreet raised shares of Myers Industries from a “sell” rating to a “hold” rating in a research report on Friday, April 15th.

The company has a market capitalization of $442.79 million and a P/E ratio of 49.50. The stock has a 50 day moving average of $14.86 and a 200 day moving average of $13.21.

Myers Industries (NYSE:MYE) last posted its quarterly earnings results on Monday, May 2nd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.09. During the same quarter in the previous year, the business posted $0.13 earnings per share. The company earned $151.20 million during the quarter, compared to analyst estimates of $148 million. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts expect that Myers Industries Inc. will post $0.67 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 17th were given a dividend of $0.135 per share. The ex-dividend date was Wednesday, June 15th. This represents a $0.54 annualized dividend and a yield of 3.61%.

In other Myers Industries news, Director Jane Scaccetti bought 2,800 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 2,800 shares in the company, valued at $38,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO R David Banyard bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were acquired at an average price of $13.90 per share, for a total transaction of $278,000.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $139,000. The disclosure for this purchase can be found here.

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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