Myers Reaches New 52-Week High (MYE)

NEW YORK ( TheStreet) -- Myers Industries (NYSE: MYE) hit a new 52-week high Monday as it is currently trading at $17.64, above its previous 52-week high of $17.54 with 22,788 shares traded as of 10 a.m. ET. Average volume has been 179,600 shares over the past 30 days.

Myers has a market cap of $573.1 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 32.5% year to date as of the close of trading on Friday.

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 22.2, above the average consumer non-durables industry P/E ratio of 21.1 and above the S&P 500 P/E ratio of 17.7.

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 notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Myers Ratings Report.

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