Myers Industries (NYSE:MYE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

16 Jul 2026, 22:41 by Danessa Lincoln · The Markets Daily

Shares of Myers Industries, Inc. (NYSE:MYE – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.83 and traded as high as $31.24. Myers Industries shares last traded at $30.9450, with a volume of 488,381 shares traded.

Analyst Ratings Changes

MYE has been the topic of several recent analyst reports. Wall Street Zen lowered Myers Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Myers Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, KeyCorp boosted their price objective on shares of Myers Industries from $26.00 to $37.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $37.00.

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Myers Industries Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $26.43 and a 200 day moving average price of $22.91. The firm has a market capitalization of $1.18 billion, a PE ratio of 44.76 and a beta of 0.88.

Myers Industries (NYSE:MYE – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.16. Myers Industries had a return on equity of 17.23% and a net margin of 3.36%.The firm had revenue of $164.58 million for the quarter, compared to the consensus estimate of $209.30 million.

Myers Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 17th were given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, June 17th. Myers Industries’s dividend payout ratio is currently 77.14%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in Myers Industries by 372.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,900 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,498 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Myers Industries in the 4th quarter valued at approximately $38,000. NewEdge Advisors LLC acquired a new position in shares of Myers Industries in the first quarter worth $43,000. Quarry LP acquired a new position in shares of Myers Industries in the third quarter worth $48,000. Finally, Clearstead Advisors LLC increased its position in shares of Myers Industries by 56.0% during the fourth quarter. Clearstead Advisors LLC now owns 3,438 shares of the industrial products company’s stock worth $64,000 after acquiring an additional 1,234 shares during the period. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Myers Industries

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Myers Industries, Inc is a diversified manufacturer of polymer products serving industrial, commercial and consumer markets. The company designs, produces and markets a broad range of molded and fabricated plastic components, including pallets, bulk containers, tanks and drums used in material handling and storage applications. Myers Industries leverages proprietary polymer technologies to provide durable, reusable solutions that help customers optimize supply chain efficiency and reduce environmental impact.