Stock in News Spotlight: Miller Industries (NYSE:MLR)

Miller Industries (NYSE:MLR) changed -1.44% to recent value of $33.62. The stock transacted 25285 shares during most recent day however it has an average volume of 38.19K shares. It spotted trading -11.94% off 52-week high price. On the other end, the stock has been noted 29.76% away from the low price over the last 52-weeks.

On Feb.10, 2020, Miller Industries (NYSE:MLR) revealed that Deborah Whitmire, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, has been elected to its Board of Directors, effective February 10, 2020. Ms. Whitmire was elected to the Board at the same time as Leigh Walton, a partner at the law firm of Bass, Berry & Sims PLC. With Ms. Whitmire’s election, the Board has been expanded to seven directors.

We are delighted to welcome Ms. Whitmire to our Board of Directors.  Debbie has provided invaluable expertise and leadership as a seasoned member of our executive team and we are confident that she will be a significant asset to the Board, said William G. Miller, executive Chairman of the Board. The addition of Debbie to our Board reflects our focus on diversity and our commitment to advancing the Company’s strategy.

Ms. Whitmire has been employed by the Company since 1996. She has served as the Company’s Executive Vice President, Chief Financial Officer and Treasurer since January 2017, after serving as the Company’s Vice President and Corporate Controller from January 2014 to December 2016. Prior to that time, she served in various finance and accounting positions with Miller Industries Towing Equipment Inc. from March 2005 to January 2014.  Ms. Whitmire earned a B.S. in accounting from WGU Tennessee and an A.S. in Accounting Technology from Chattanooga State Community College.

MLR has a gross margin of 11.50% and an operating margin of 5.80% while its profit margin remained 4.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 37.80% for this year.

The company has 11.63M of outstanding shares and 10.99M shares were floated in the market. According to the most recent quarter its current ratio was 2.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -4.17% from the mean of 20 days, -6.74% from mean of 50 days SMA and performed 1.88% from mean of 200 days price. Company’s performance for the week was -3.06%, -6.43% for month and YTD performance remained -9.45%.

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