MLR Stock Summary and Trading Ideas (Miller Industries | NYSE:MLR)

Miller Industries Inc is engaged in the manufacturing of vehicle towing and recovery equipment. The company produces wreckers, car carriers, and trailer bodies under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The products are sold in North America, Canada, and Mexico through independent distributors.

Miller Industries trades on the NYSE stock market under the symbol MLR.

As of December 13, 2024, MLR stock price declined to $71.40 with 76,199 million shares trading.

MLR has a beta of 1.12, meaning it tends to be more sensitive to market movements. MLR has a correlation of 0.16 to the broad based SPY ETF.

MLR has a market cap of $816.77 million. This is considered a Small Cap stock.

Last quarter Miller Industries reported $314 million in Revenue and $1.33 earnings per share. This beat revenue expectation by $17 million and met earnings estimates .

In the last 3 years, MLR traded as high as $78.25 and as low as $21.00.

The top ETF exchange traded funds that MLR belongs to (by Net Assets): VTI, IWM, VXF, CWS, IWN.

MLR has outperformed the market in the last year with a return of +76.9%, while the SPY ETF gained +29.9%. In the last 3 month period, MLR beat the market returning +23.3%, while SPY returned +7.8%. However, in the most recent 2 weeks MLR has underperformed the stock market by returning -2.5%, while SPY returned +0.3%.

MLR support price is $70.11 and resistance is $73.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MLR shares will trade within this expected range on the day.