(MYE) Myers Industries - Ratings and Ratios

Myers Industries, Inc. is a diversified manufacturing and distribution company operating in two primary segments: Material Handling and Distribution. The Material Handling segment is a leading provider of innovative, custom plastic products and solutions, serving a broad range of industries, including industrial manufacturing, food processing, and automotive, under various brand names such as Akro-Mils, Buckhorn, and Scepter. The Distribution segment is a prominent distributor of tire service supplies, tools, and equipment, as well as a manufacturer of tire repair materials and custom rubber products, serving retail and commercial customers through brands like Myers Tire Supply and Tuffy Manufacturing.

The companys extensive product portfolio and diverse customer base provide a stable foundation for revenue growth, driven by the demand for efficient material handling solutions and tire service supplies. With a long history dating back to 1933, Myers Industries has established itself as a reliable partner for businesses across various industries, leveraging its expertise in plastic manufacturing and distribution to drive innovation and customer satisfaction.

Analyzing the , we observe that the stocks last price is $14.80, with a 20-day SMA of $13.99, indicating a recent uptrend. The 50-day and 200-day SMAs are $12.34 and $11.90, respectively, suggesting a longer-term bullish trend. The ATR of 0.40 represents a 2.73% daily price range, indicating moderate volatility. Considering the , the companys market capitalization is approximately $548.40M, with a P/E ratio of 52.39, suggesting a relatively high valuation. The RoE of 3.73% indicates a modest return on equity.

Based on the and , our forecast suggests that Myers Industries stock may continue its upward trend, driven by the companys diversified revenue streams and growing demand for its products. However, the high P/E ratio and moderate volatility may temper the stocks growth potential. We anticipate that the stock may reach $16.50 in the near term, representing a 11.5% increase from the current price. Nevertheless, investors should closely monitor the companys future earnings reports and industry trends to adjust their expectations accordingly.