The Shyft Group (NASDAQ:SHYF) was up 5.8% during mid-day trading on Thursday . The stock traded as high as $20.00 and last traded at $19.97. Approximately 186,774 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 330,295 shares. The stock had previously closed at $18.88.
Several research analysts have recently issued reports on SHYF shares. BidaskClub lowered shares of The Shyft Group from a “hold” rating to a “sell” rating in a research note on Friday, September 25th. Zacks Investment Research lowered shares of The Shyft Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Finally, ValuEngine raised shares of The Shyft Group from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd.
The company has a debt-to-equity ratio of 0.46, a current ratio of 2.03 and a quick ratio of 1.41. The company’s 50 day simple moving average is $19.52. The stock has a market capitalization of $710.23 million, a price-to-earnings ratio of -64.42, a P/E/G ratio of 0.93 and a beta of 1.44.
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, August 18th were paid a $0.025 dividend. The ex-dividend date was Monday, August 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. The Shyft Group’s dividend payout ratio is presently 8.06%.
Hedge funds have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can bought a new position in The Shyft Group during the second quarter worth $39,000. Ameritas Investment Partners Inc. bought a new position in The Shyft Group during the second quarter worth $51,000. Advisor Group Holdings Inc. bought a new position in The Shyft Group during the second quarter worth $67,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in The Shyft Group during the second quarter worth $91,000. Finally, First Command Bank bought a new position in The Shyft Group during the second quarter worth $92,000. 74.57% of the stock is owned by hedge funds and other institutional investors.
The Shyft Group Company Profile (NASDAQ:SHYF)
The Shyft Group, Inc, through its subsidiary Spartan Motors USA, Inc, manufactures and assembles specialty vehicles for the commercial vehicle and recreational vehicle industries in the United States and internationally. It operates through two segments, Fleet Vehicles and Services (FVS), and Specialty Chassis and Vehicles (SCV).
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