A Director at Myers Industries (MYE) is Buying Shares


Today, a Director at Myers Industries (NYSE: MYE), Bruce Lisman, bought shares of MYE for $18.52K.

Following Bruce Lisman’s last MYE Buy transaction on August 28, 2015, the stock climbed by 6.9%. This recent transaction increases Bruce Lisman’s holding in the company by 5.54% to a total of $372.6K.

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Based on Myers Industries’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $153 million and quarterly net profit of $7.76 million. In comparison, last year the company earned revenue of $142 million and had a net profit of $3.13 million. MYE’s market cap is $597.5M and the company has a P/E ratio of 20.15. Currently, Myers Industries has an average volume of 177.2K.

Three different firms, including C.L. King and KeyBanc, currently also have a Buy rating on the stock.

The insider sentiment on Myers Industries has been positive according to 14 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Myers Industries, Inc. engages in the manufacture and trade of polymer products. It operates through the Material Handling and Distribution business segments. The Material Handling segment designs, manufactures, and markets a variety of plastic and metal products.

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