Myers Industries Inc. (MYE) Trading Down 4.2%
Myers Industries Inc. (NYSE:MYE) shares traded down 4.2% during mid-day trading on Friday . The stock traded as low as $14.82 and last traded at $14.95, with a volume of 63,185 shares. The stock had previously closed at $15.61.
MYE has been the topic of several recent analyst reports. Zacks Investment Research lowered Myers Industries from a “buy” rating to a “hold” rating in a report on Tuesday, July 5th. TheStreet upgraded Myers Industries from a “sell” rating to a “hold” rating in a report on Friday, April 15th.
The firm has a 50-day moving average of $14.86 and a 200-day moving average of $13.21. The firm has a market cap of $442.79 million and a PE ratio of 49.50.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Friday, June 17th were paid a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 3.61%. The ex-dividend date was Wednesday, June 15th.
In related news, CEO R David Banyard purchased 20,000 shares of the stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $13.90 per share, for a total transaction of $278,000.00. Following the completion of the acquisition, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $139,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jane Scaccetti purchased 2,800 shares of the stock in a transaction dated Wednesday, May 4th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the acquisition, the director now directly owns 2,800 shares of the company’s stock, valued at approximately $38,360. 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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