Thursday, August 2, 2018

Somewhat Critical Media Coverage Somewhat Unlikely to Impact Miller Industries (MLR) Share Price

Media coverage about Miller Industries (NYSE:MLR) has been trending somewhat negative this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Miller Industries earned a daily sentiment score of -0.09 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.4626409572006 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Separately, ValuEngine downgraded shares of Miller Industries from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd.

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Shares of NYSE MLR traded down $0.35 during midday trading on Friday, reaching $25.55. The company had a trading volume of 30,540 shares, compared to its average volume of 19,450. The stock has a market cap of $290.71 million, a P/E ratio of 11.26 and a beta of 0.58. Miller Industries has a 1 year low of $23.90 and a 1 year high of $29.00. The company has a current ratio of 2.22, a quick ratio of 1.49 and a debt-to-equity ratio of 0.05.

Miller Industries (NYSE:MLR) last posted its quarterly earnings results on Wednesday, May 9th. The auto parts company reported $0.59 earnings per share (EPS) for the quarter. The business had revenue of $159.16 million during the quarter. Miller Industries had a net margin of 4.13% and a return on equity of 12.93%.

About Miller Industries

Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment.

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