The Shyft Group (NASDAQ:SHYF) Reaches New 1-Year Low at $18.54

The Shyft Group, Inc. (NASDAQ:SHYFGet Rating)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.54 and last traded at $18.56, with a volume of 3014 shares changing hands. The stock had previously closed at $19.10.

SHYF has been the subject of several research reports. TheStreet lowered The Shyft Group from a “b-” rating to a “c+” rating in a report on Tuesday, May 17th. Raymond James reduced their price target on The Shyft Group from $57.00 to $50.00 and set a “strong-buy” rating for the company in a report on Tuesday, April 26th. Finally, DA Davidson lowered The Shyft Group from a “buy” rating to a “neutral” rating in a report on Wednesday, April 6th.

The company has a fifty day moving average of $23.75 and a two-hundred day moving average of $36.19. The company has a current ratio of 1.64, a quick ratio of 0.99 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $648.59 million, a price-to-earnings ratio of 12.99 and a beta of 1.72.

The Shyft Group (NASDAQ:SHYFGet Rating) last posted its earnings results on Thursday, April 28th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.02. The Shyft Group had a return on equity of 21.67% and a net margin of 5.35%. The firm had revenue of $206.90 million during the quarter, compared to analyst estimates of $189.92 million. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts predict that The Shyft Group, Inc. will post 0.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 17th. Investors of record on Tuesday, May 17th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 16th. This represents a $0.20 annualized dividend and a yield of 1.08%. The Shyft Group’s dividend payout ratio (DPR) is currently 13.61%.

Several hedge funds have recently modified their holdings of the company. Mairs & Power Inc. lifted its holdings in shares of The Shyft Group by 2.7% during the fourth quarter. Mairs & Power Inc. now owns 13,557 shares of the company’s stock worth $666,000 after buying an additional 357 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of The Shyft Group by 61.4% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,170 shares of the company’s stock worth $42,000 after buying an additional 445 shares during the last quarter. Visionary Wealth Advisors increased its position in shares of The Shyft Group by 4.9% during the first quarter. Visionary Wealth Advisors now owns 10,925 shares of the company’s stock valued at $394,000 after purchasing an additional 513 shares during the period. Meeder Asset Management Inc. increased its position in shares of The Shyft Group by 26.2% during the first quarter. Meeder Asset Management Inc. now owns 3,989 shares of the company’s stock valued at $145,000 after purchasing an additional 827 shares during the period. Finally, Exchange Traded Concepts LLC increased its position in shares of The Shyft Group by 6.9% during the first quarter. Exchange Traded Concepts LLC now owns 12,911 shares of the company’s stock valued at $466,000 after purchasing an additional 838 shares during the period. Institutional investors own 81.18% of the company’s stock.

The Shyft Group Company Profile (NASDAQ:SHYF)

The Shyft Group, Inc manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates in two segments, Fleet Vehicles and Services, and Specialty Vehicles. The Fleet Vehicles and Services segment manufactures and sells commercial vehicles used in the e-commerce/last mile/parcel delivery, beverage and grocery delivery, laundry and linen, mobile retail, and trades and construction industries.

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