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How to buy Miller Industries stock in Canada | $39.12

Own Miller Industries shares in just a few minutes.

Miller Industries, Inc
NYSE: MLR - USD
AUTO PARTS
$37.31
-$0.02 (-0.04%)

Miller Industries (MLR) is a leading auto parts business based in the US. It opened the day at $39.28 after a previous close of $39.74. During the day the price has varied from a low of $38.99 to a high of $39.52. The latest price was $39.12 (25 minute delay). Miller Industries is listed on the NYSE and employs 1,254 staff. All prices are listed in US Dollars.

How to buy Miller Industries stock in Canada

  1. Choose a platform. If you're a beginner, our stock trading table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: MLR in this case.
  5. Research Miller Industries stocks. The platform should provide the latest information available.
  6. Buy your Miller Industries stocks. It's that simple.

How has Coronavirus impacted Miller Industries's stock price?

Since the stock market crash in March caused by coronavirus, Miller Industries's stock price has had significant positive movement.

Its last market close was $41.85, which is 21.05% up on its pre-crash value of $33.04 and 65.74% up on the lowest point reached during the March crash when the stocks fell as low as $25.25.

If you had bought $1,000 worth of Miller Industries stocks at the start of February 2020, those stocks would have been worth $758.20 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,206.95.

Miller Industries stock price

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

Miller Industries stocks at a glance

Information last updated 2021-07-02.
Open$39.28
High$39.52
Low$38.99
Close$39.12
Previous close$39.74
Change $-0.62
Change % -1.5601%
Volume 18,227
Information last updated 2021-07-23.
52-week range$27.417 - $47.3644
50-day moving average $39.4257
200-day moving average $41.8294
Wall St. target price$21
PE ratio 14.4381
Dividend yield $0.72 (1.91%)
Earnings per share (TTM) $2.4179

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Is it a good time to buy Miller 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.

Miller Industries price performance over time

Historical closes compared with the last close of $39.12

1 month (2021-06-30) -0.81%
3 months (2021-04-30) -9.07%

Is Miller Industries under- or over-valued?

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

Miller Industries's P/E ratio

Miller 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 14x. In other words, Miller Industries stocks trade at around 14x 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 stocks or simply that they're under-valued.

Miller Industries's EBITDA

Miller Industries's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$45.6 million.

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

Miller Industries financials

Revenue TTM USD$645.1 million
Operating margin TTM 5.56%
Gross profit TTM USD$78.4 million
Return on assets TTM 5.3%
Return on equity TTM 1010.21%
Profit margin 4.27%
Book value $24.936
Market capitalisation USD$431.1 million

TTM: trailing 12 months

How to short and sell Miller Industries stocks

  1. Create a CFD or spread betting account.
  2. Search for the stock code. E.g. "MLR.US"
  3. Choose your position size.
  4. Select "sell" rather than "buy".
  5. Confirm your position and keep tabs on it. You may wish to set limits on your position.

There are currently 197,710 Miller Industries stocks held short by investors – that's known as Miller Industries's "short interest". This figure is 0.9% up from 195,911 last month.

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

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

Miller Industries's "short interest ratio" (SIR) is the quantity of Miller Industries stocks currently shorted divided by the average quantity of Miller Industries stocks traded daily (recently around 33681.431005111). Miller Industries's SIR currently stands at 5.87. In other words for every 100,000 Miller Industries stocks traded daily on the market, roughly 5870 stocks are currently held short.

However Miller Industries's short interest can also be evaluated against the total number of Miller Industries stocks, or, against the total number of tradable Miller Industries stocks (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Miller Industries's short interest could be expressed as 0.02% of the outstanding stocks (for every 100,000 Miller Industries stocks in existence, roughly 20 stocks are currently held short) or 0.018% of the tradable stocks (for every 100,000 tradable Miller Industries stocks, roughly 18 stocks are currently held short).

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

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

Miller Industries stock dividends

33%

Dividend payout ratio: 32.94% of net profits

Recently Miller Industries has paid out, on average, around 32.94% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.91% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Miller Industries shareholders could enjoy a 1.91% return on their shares, in the form of dividend payments. In Miller Industries's case, that would currently equate to about $0.72 per share.

While Miller Industries's payout ratio might seem fairly standard, it's worth remembering that Miller Industries may be investing much of the rest of its net profits in future growth.

Miller Industries's most recent dividend payout was on 13 June 2021. The latest dividend was paid out to all shareholders who bought their stocks by 3 June 2021 (the "ex-dividend date").

Have Miller Industries stocks ever split?

Miller Industries stocks were split on a 1:5 basis on 30 September 2001. So if you had owned 5 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Miller Industries stocks – just the quantity. However, indirectly, the new 400% higher stock price could have impacted the market appetite for Miller Industries stocks which in turn could have impacted Miller Industries's stock price.

Miller Industries stock price volatility

Over the last 12 months, Miller Industries's stocks have ranged in value from as little as $27.417 up to $47.3644. A popular way to gauge a stock's volatility is its "beta".

MLR.US volatility(beta: 1.01)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a stocks volatility in relation to the market. The market (NYSE average) beta is 1, while Miller Industries's is 1.0092. This would suggest that Miller Industries's stocks are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

Miller Industries overview

Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. It also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. The company markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. It sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. The company was founded in 1990 and is based in Ooltewah, Tennessee.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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