Shyft Group Inc (SHYF) stock has fallen 1.82% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Shyft Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on SHYF!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With SHYF Stock Today?
Shyft Group Inc (SHYF) stock is higher by 0.28% while the S&P 500 is lower by -1.34% as of 11:50 AM on Wednesday, Oct 5. SHYF is up $0.06 from the previous closing price of $21.57 on volume of 110,897 shares. Over the past year the S&P 500 has fallen -13.03% while SHYF is lower by -46.31%. SHYF earned $1.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.27.
To see InvestorsObserver's Sentiment Score for Shyft Group Inc click here.
More About Shyft Group Inc
The Shyft Group Inc is a North American specialty vehicle manufacturer, engaged in assembling and upfitting for the commercial, retail, and service specialty vehicle markets. Its customers include first-to-last mile delivery companies across vocations, federal, state, and local government entities; the trades; and utility and infrastructure segments. The Group is organized into two core business units Fleet Vehicles and Services and Specialty Vehicles. Its brands include Utilimaster, Royal Truck Body, Strobes-R- Us, Spartan RV Chassis, Builtmore Contract Manufacturing, and corresponding aftermarket provisions. It operates facilities in Michigan, Indiana, Pennsylvania, South Carolina, Florida, Missouri, California, Arizona, Texas, and Saltillo, Mexico.
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