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How to buy Myers Industries stock | $18.44

Own Myers Industries stock in just a few minutes.

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Myers Industries, Inc is a packaging & containers business based in the US. Myers Industries shares (MYE) are listed on the NYSE and all prices are listed in US Dollars. Myers Industries employs 1,640 staff and has a trailing 12-month revenue of around USD$489.7 million.

How to buy shares in Myers Industries

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Myers Industries. Find the stock by name or ticker symbol: MYE. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Myers Industries reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$18.44, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Myers Industries, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Myers Industries. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Myers Industries share price

Use our graph to track the performance of MYE stocks over time.

Myers Industries shares at a glance

Information last updated 2020-12-02.
Latest market closeUSD$18.44
52-week rangeUSD$6.7851 - USD$18.5
50-day moving average USD$15.7326
200-day moving average USD$14.8374
Wall St. target priceUSD$18
PE ratio 15.7532
Dividend yield USD$0.54 (3.11%)
Earnings per share (TTM) USD$1.102

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Myers Industries stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Myers Industries price performance over time

Historical closes compared with the close of $18.44 from 2020-12-09

1 week (2021-01-13) N/A
1 month (2020-12-24) -8.98%
3 months (2020-10-20) N/A
6 months (2020-07-20) N/A
1 year (2020-01-20) N/A
2 years (2019-01-20) N/A
3 years (2018-01-20) N/A
5 years (2016-01-20) N/A

Is Myers Industries under- or over-valued?

Valuing Myers Industries stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Myers Industries's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Myers Industries's P/E ratio

Myers Industries's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Myers Industries shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Myers Industries's PEG ratio

Myers Industries's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 14.87. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Myers Industries's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Myers Industries's EBITDA

Myers Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$69 million.

The EBITDA is a measure of a Myers Industries's overall financial performance and is widely used to measure a its profitability.

Myers Industries financials

Revenue TTM USD$489.7 million
Operating margin TTM 9.72%
Gross profit TTM USD$171.3 million
Return on assets TTM 8.22%
Return on equity TTM 22.5%
Profit margin 8.07%
Book value $5.24
Market capitalisation USD$621.9 million

TTM: trailing 12 months

Shorting Myers Industries shares

There are currently 661,122 Myers Industries shares held short by investors – that's known as Myers Industries's "short interest". This figure is 31.2% up from 503,873 last month.

There are a few different ways that this level of interest in shorting Myers Industries shares can be evaluated.

Myers Industries's "short interest ratio" (SIR)

Myers Industries's "short interest ratio" (SIR) is the quantity of Myers Industries shares currently shorted divided by the average quantity of Myers Industries shares traded daily (recently around 107151.0534846). Myers Industries's SIR currently stands at 6.17. In other words for every 100,000 Myers Industries shares traded daily on the market, roughly 6170 shares are currently held short.

However Myers Industries's short interest can also be evaluated against the total number of Myers Industries shares, or, against the total number of tradable Myers Industries shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Myers Industries's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Myers Industries shares in existence, roughly 20 shares are currently held short) or 0.0286% of the tradable shares (for every 100,000 tradable Myers Industries shares, roughly 29 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Myers Industries.

Find out more about how you can short Myers Industries stock.

Myers Industries share dividends


Dividend payout ratio: 62.07% of net profits

Recently Myers Industries has paid out, on average, around 62.07% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.11% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Myers Industries shareholders could enjoy a 3.11% return on their shares, in the form of dividend payments. In Myers Industries's case, that would currently equate to about $0.54 per share.

Myers Industries's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Myers Industries's most recent dividend payout was on 5 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 December 2020 (the "ex-dividend date").

Have Myers Industries's shares ever split?

Myers Industries's shares were split on a 11:10 basis on 11 August 2004. So if you had owned 10 shares the day before before the split, the next day you'd have owned 11 shares. This wouldn't directly have changed the overall worth of your Myers Industries shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Myers Industries shares which in turn could have impacted Myers Industries's share price.

Myers Industries share price volatility

Over the last 12 months, Myers Industries's shares have ranged in value from as little as $6.7851 up to $18.5. A popular way to gauge a stock's volatility is its "beta".

MYE.US volatility(beta: 1.46)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Myers Industries's is 1.4634. This would suggest that Myers Industries's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Myers Industries overview

Myers Industries, Inc. manufactures and sells polymer products for industrial, agricultural, automotive, commercial, and consumer markets in the United States and internationally. It operates through two segments, Material Handling and Distribution. The Material Handling segment designs, manufactures, and markets various plastic and metal products, including plastic reusable material handling containers and small parts storage bins, plastic recreational vehicle tanks and parts, marine tanks and parts, portable plastic fuel tanks and water containers, portable marine fuel containers, ammunition containers, storage totes, bulk shipping containers, and metal carts and cabinets. It serves industrial manufacturing, food processing, retail/wholesale products distribution, agriculture, automotive, recreational vehicles, marine vehicles, healthcare, appliance, bakery, electronics, textiles, consumer, and other markets under the Buckhorn, Akro-Mils, Jamco, Ameri-Kart, and Scepter brands directly, as well as through distributors. The Distribution segment engages in the distribution of tools, equipment, and supplies for tire, wheel, and undervehicle service on passenger, heavy truck, and off-road vehicles; and manufacture and sale of tire repair materials and custom rubber products, as well as highway marking tapes. This segment serves retail and truck tire dealers, commercial auto and truck fleets, auto dealers, general service and repair centers, tire retreaders, and government agencies. The company was founded in 1933 and is headquartered in Akron, Ohio.

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