Miller Industries Inc. stock trades under the ticker MLR & has recently shown bullish behavior that traders & investors should take a closer look into.
MLR stock closed at $27.80/share on 4/11/2022 & has been featured in our long-term stock review section in January 2022.
Miller Industries Inc. MLR Stock’s Technicals Broken Down
MLR Stock Price: $27.80
10 Day Moving Average: $27.62
50 Day Moving Average: $29.19
200 Day Moving Average: $33.43
RSI: 45.23
MACD: -0.611
Yesterday, MLR stock completed a bullish MACD crossover, while also breaking out above its 10 day moving average on above average trading volume.
With an RSI still in the 40’s, there looks to be more momentum to come in the near-term to push the share price higher.
MLR will need to break through the $28.15, $28.40 & $28.64 resistance levels.
Miller Industries Inc. MLR Stock As A Long-Term Investment
Investors will like MLR stock’s valuation metrics, with a P/E (ttm) of 18.98 & a P/B (mrq) of 1.07.
They recently reported 13.1% Quarterly Revenue Growth.
MLR stock’s balance sheet also looks appealing, with Total Cash (mrq) of $54.33M & Total Debt (mrq) of $1.25M.
Miller Industries Inc.’s stock pays a 2.67% dividend yield, which appears stable in the long-run as their payout ratio is 50%.
84% of MLR stock’s outstanding share float is held by institutional investors.
Miller Industries Inc. MLR Stock As A Short-Term Trade Using Options
Miller Industries Inc. stock has options that traders can use to profit from their price movements in the near-term.
However, their open interest levels are quite low for the next 3 month’s expiration dates.
The 6/17 expiration dated calls have the most liquidity (although still not much), with the $22.50 & $25 strike prices looking appealing.
The 5/20 dated $30 calls also look appealing, but as with the others, has very low open interest.
The 6/17 $25 puts are the only contracts that look interesting in the next few months from a puts perspective, but also are very illiquid currently.
Tying It All Together
Overall, Miller Industries Inc.’s stock has many characteristics that traders & investors will like.
Investors will say that MLR stock is a great value opportunity, with nice valuation metrics, a strong dividend & good balance sheet.
Traders will like their current technical momentum, but may be disappointed in the lack of liquidity in their options contracts.
MLR stock is worth taking a closer look into, regardless of your trading style.
*** I DO NOT OWN SHARES OF MLR STOCK AT THE TIME OF WRITING THIS ***