Myers Industries Inc (NYSE:MYE) Stock Price Down as Sentiment Worsens

May 20, 2018 - By Kurt Siggers

Myers Industries, Inc. (NYSE:MYE) Logo

Sentiment for Myers Industries Inc (NYSE:MYE)

Myers Industries Inc (NYSE:MYE) institutional sentiment decreased to 1.38 in 2017 Q4. Its down -0.30, from 1.68 in 2017Q3. The ratio dived, as 62 hedge funds increased and opened new positions, while 45 decreased and sold their equity positions in Myers Industries Inc. The hedge funds in our partner’s database now own: 25.37 million shares, up from 25.34 million shares in 2017Q3. Also, the number of hedge funds holding Myers Industries Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 41 Increased: 40 New Position: 22.

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets worldwide. The company has market cap of $561.29 million. The firm operates through two divisions, Material Handling and Distribution. It currently has negative earnings. The Material Handling segment provides plastic reusable material handling containers, pallets, small parts bins, bulk shipping containers, storage and organization products, and rotationally-molded plastic tanks for water, fuel, and waste handling applications; plastic trim and interior parts used in the production of seat components, consoles, and other applications in the recreational vehicle, marine, and industrial markets; and plastic fuel containers, portable marine fuel tanks and water containers, ammunition containers, and storage totes under the Buckhorn, Akro-Mils, Jamco Products, Ameri-Kart, Scepter, Myers do Brasil, and Novel brands.

The stock decreased 7.32% or $1.45 during the last trading session, reaching $18.35. About 3.18 million shares traded or 3078.02% up from the average. Myers Industries, Inc. (NYSE:MYE) has risen 40.53% since May 20, 2017 and is uptrending. It has outperformed by 28.98% the S&P500.

Analysts await Myers Industries, Inc. (NYSE:MYE) to report earnings on August, 7. They expect $0.22 EPS, up 29.41 % or $0.05 from last year’s $0.17 per share. MYE’s profit will be $6.73 million for 20.85 P/E if the $0.22 EPS becomes a reality. After $0.24 actual EPS reported by Myers Industries, Inc. for the previous quarter, Wall Street now forecasts -8.33 % negative EPS growth.

Teton Advisors Inc. holds 1.15% of its portfolio in Myers Industries, Inc. for 639,377 shares. Gamco Investors Inc. Et Al owns 4.62 million shares or 0.56% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.35% invested in the company for 146,626 shares. The Maryland-based Campbell & Co Investment Adviser Llc has invested 0.22% in the stock. Hillsdale Investment Management Inc., a Ontario – Canada-based fund reported 61,100 shares.

Since January 1, 0001, it had 1 buying transaction, and 0 selling transactions for $32,250 activity.

More recent Myers Industries, Inc. (NYSE:MYE) news were published by: Businesswire.com which released: “Myers Industries Announces Proposed Public Offering of Common Stock” on May 14, 2018. Also Streetinsider.com published the news titled: “Myers Industries (MYE) Prices 4M Share Offering at $18.50” on May 18, 2018. Streetinsider.com‘s news article titled: “Pre-Open Movers 05/15: (XENE) (PFNX) (SORL) Higher; (VIPS) (MYE) (TSLA) Lower (more…)” with publication date: May 15, 2018 was also an interesting one.

Myers Industries, Inc. (NYSE:MYE) Institutional Positions Chart

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