Mobile Mini (MINI): Today's Weak On High Volume Stock
Trade-Ideas LLC identified
(
) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Mobile Mini as such a stock due to the following factors:
- MINI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.5 million.
- MINI has traded 53,016 shares today.
- MINI is trading at 4.96 times the normal volume for the stock at this time of day.
- MINI is trading at a new low 4.04% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
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More details on MINI:
Mobile Mini, Inc. provides portable storage and specialty containment solutions. The stock currently has a dividend yield of 2.2%. MINI has a PE ratio of 38. Currently there are 3 analysts that rate Mobile Mini a buy, no analysts rate it a sell, and 2 rate it a hold.
The average volume for Mobile Mini has been 231,500 shares per day over the past 30 days. Mobile Mini has a market cap of $1.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 2.19 and a short float of 10.4% with 18.50 days to cover. Shares are up 18.5% year-to-date as of the close of trading on Friday.
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Analysis:
rates Mobile Mini as a
. The company's strengths can be seen in multiple areas, such as its expanding profit margins, impressive record of earnings per share growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and compelling growth in net income. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- 35.03% is the gross profit margin for MOBILE MINI INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 8.83% is above that of the industry average.
- MOBILE MINI INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MOBILE MINI INC reported lower earnings of $0.13 versus $0.96 in the prior year. This year, the market expects an improvement in earnings ($1.45 versus $0.13).
- MINI, with its decline in revenue, underperformed when compared the industry average of 6.2%. Since the same quarter one year prior, revenues slightly dropped by 5.3%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- Even though the current debt-to-equity ratio is 1.20, it is still below the industry average, suggesting that this level of debt is acceptable within the Commercial Services & Supplies industry.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Commercial Services & Supplies industry and the overall market, MOBILE MINI INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.
- You can view the full Mobile Mini Ratings Report.
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