Shares of The Shyft Group, Inc. (NASDAQ:SHYF - Get Free Report) rose 17.1% during mid-day trading on Monday . The company traded as high as $15.02 and last traded at $14.90. Approximately 238,984 shares traded hands during trading, a decline of 18% from the average daily volume of 292,327 shares. The stock had previously closed at $12.72.
The Shyft Group Price Performance
The company has a market capitalization of $483.55 million, a price-to-earnings ratio of -120.17 and a beta of 1.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.16 and a current ratio of 1.82. The company has a fifty day simple moving average of $13.17 and a two-hundred day simple moving average of $12.87.
The Shyft Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, November 15th. The Shyft Group's dividend payout ratio (DPR) is presently -166.67%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SHYF. nVerses Capital LLC bought a new stake in shares of The Shyft Group in the 2nd quarter valued at $26,000. CWM LLC increased its position in shares of The Shyft Group by 260.9% during the second quarter. CWM LLC now owns 4,731 shares of the company's stock valued at $56,000 after buying an additional 3,420 shares during the period. Point72 Asset Management L.P. bought a new position in The Shyft Group in the 2nd quarter worth about $59,000. Point72 DIFC Ltd bought a new position in The Shyft Group during the 2nd quarter valued at about $60,000. Finally, National Bank of Canada FI grew its holdings in The Shyft Group by 6,784.7% during the 2nd quarter. National Bank of Canada FI now owns 5,852 shares of the company's stock valued at $65,000 after buying an additional 5,767 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company's stock.
About The Shyft Group
(
Get Free Report)
The Shyft Group, Inc engages in the manufacture and assembly of specialty vehicles for the commercial 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 offers 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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