Myers Industries Inc. (MYE) had a rough trading day for Friday October 04 as shares tumbled 7.02%, or a loss of $-1.21 per share, to close at $16.03. After opening the day at $16.90, shares of Myers Industries Inc. traded as high as $17.00 and as low as $15.12. Volume was 248,113 shares over 2,449 trades, against an average daily volume of n/a shares and a total float of 35.49 million.
As a result of the decline, Myers Industries Inc. now has a market cap of $568.96 million. In the last year, shares of Myers Industries Inc. have traded between a range of $22.56 and $14.24, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Myers Industries Inc is a plastic manufacturer of returnable packaging, storage and safety products and specialty molding. It manufactures a range of polymer products for industrial, agricultural, automotive, commercial, and consumer markets. It operates through the following segments: The Material Handling segment, which designs manufactures and markets a variety of plastic and metal products. The Distribution segment offers tools, equipment, and supplies used for tire, wheel, and under vehicle service on passenger, heavy truck, and off-road vehicles.
Myers Industries Inc. is based out of Akron, OH and has some 1,800 employees. Its CEO is R. David Banyard.
Myers Industries Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
