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TheStreet Wire

Myers Stock Hits New 52-Week High (MYE)

By TheStreet Wire 06/19/12 - 02:31 PM EDT

Find out if (MYE) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Myers Industries (NYSE:MYE) hit a new 52-week high Tuesday as it is currently trading at $17.70, above its previous 52-week high of $17.69 with 83,260 shares traded as of 2:03 p.m. ET. Average volume has been 186,800 shares over the past 30 days.

Myers has a market cap of $554.3 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 34% year to date as of the close of trading on Monday.

Myers Industries, Inc. manufactures and distributes polymer products for the industrial, agricultural, automotive, commercial, and consumer markets primarily in the North, Central, and South America. The company has a P/E ratio of 21.5, above the average consumer non-durables industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Myers as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Myers Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

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