Shares of manufactured housing component supplier Patrick Industries, Inc. (PATK) fell 11.17 percent during the last week, but the last four weeks has seen positive gains of 2.11 percent. In any case, Zacks’ analysts consensus gives it a 1 rating, which is a strong buy. Oppositionally, a 5 rating would be a strong sell, according to springfieldbulletin.
Patrick is up 12.57 percent in the last three months, and the shares have improved 38.97 percent in the past 52-weeks, closing at a one-year high of $47.50 on Oct. 28, 2015, and a hitting a one-year low of $25.91 on Dec. 11, 2014. Patrick closed up today +0.99 percent at 40.98.
MHProNews has learned from otoutlook the 50-day moving average is $43.35 and the 200 day moving average is recorded at $40.03. As MHProNews reported Oct. 19, 2015, Jeffrey L. Gendell has been unloading Patrick stock since last Nov., and according to our tally has sold 180,000 shares of stock valued at $7.84 million.
Meanwhile, the stock of Sun Communities, Inc. (SUI), one of the largest owners of manufactured home communities in the nation, has fallen -4.63 percent in the past week, and has lost -1.59 percent in the past four weeks. Sun has underperformed the S&P Index by 7.64 percent in the last four weeks, according to what insidertadingreport tells MHProNews. However, Sun stock has rallied 14.76 percent in the last 52-week period, as opposed to the S&P’s 3.05 percent rise during the same period.
On Oct. 27, 2015 the company shares hit a one-year high of $72.92, and registered a one-year low on November 20, 2014 at $55.26. The 50-day moving average is $67.94 and the 200 day moving average is recorded at $65.59. The stock closed up +1.15 percent in today’s trading at 67.79. ##
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Article submitted by Matthew J. Silver to Daily Business News-MHProNews.