Revenue Update on Miller Industries(NYSE:MLR)

Miller Industries(NYSE:MLR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 15, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.38.

Miller Industries (MLR) made into the market gainers list on Fridays trading session with the shares advancing 4.03% or 0.95 points. Due to strong positive momentum, the stock ended at $24.5, which is also near the day’s high of $24.6. The stock began the session at $23.85 and the volume stood at 63,888 shares. The 52-week high of the shares is $28.85 and the 52 week low is $19.09. The company has a current market capitalization of $278 M and it has 1,13,49,960 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, A Russell Iii Chandler (director) sold 1,000 shares at $20.40 per share price.Also, On Apr 2, 2015, Jeffrey I Badgley (Co-Chief Executive Officer) sold 7,800 shares at $24.87 per share price.

Miller Industries Inc. is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers which are installed on truck chassis manufactured by third parties. Wreckers generally are used to recover and tow disabled vehicles and other equipment and range in type from the conventional tow truck to large recovery vehicles with rotating hydraulic booms and up to 75-ton lifting capacities. Car carriers are flatbed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers transport new or disabled vehicles and other equipment and are used for longer distances. The Company purchases truck chassis for resale. It also manufactures vehicle transport trailers.

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