Mueller Industries, Inc (NYSE:MLI) currently has a daily average trading volume of 1.23M but it saw 1359330 shares traded in last market. With a market cap of 8.98B USD, the company’s current market price of $78.93 came rising about 0.32 while comparing to the previous closing price of $78.68. In past 52 weeks, the stock remained buoying in the range of price level as high as $96.81 and as low as $41.94. In the recent trading on the day, stock has struck highest price mark of $76.81 while lowest mark touched by it was $79.0.
Taking a look at 20-day trading activity of Mueller Industries, Inc (MLI) gives us an average price of $87.03, while its current price level is -18.47% below from 52-week high level whereas it is 88.20% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $80.98 while that of 200 days or SMA-200 reads an average of $64.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.79% during that period while stretching the period over a month that increases to 3.30%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.04 which implies that the stock is in neutral territory.
Boenning & Scattergood upgraded its recommendation for the stock as a “Outperform” from “Neutral” on December 14, 2020 while assigning a price target of $55. Boenning & Scattergood issued its recommendations for the stock as it upgraded the price target for the stock is $40.
Over the week, MLI’s stock price is moving -2.35% down while it is -6.85% when we observe its performance for the past one month. Year-to-date it is 67.40% up and over the past year, the stock is showing an upside performance of 85.06%.
Currently, Mueller Industries, Inc’s total number of outstanding shares is 113.73M. Company’s return on investment (ROI) stands at 21.70% and return on equity (ROE) at 23.94%. It has a price to earnings ratio (P/E ratio) of 15.34 while having a 14.89 of forward P/E ratio. Stock’s beta reads 1.00. Stock has a price to book (P/B) ratio of 3.35 while price to sale or P/S ratio amounts to 2.51. Its return on asset (ROA) is 19.98% on average.
