U-Haul (NASDAQ:UHAL) Stock Crosses Above 200 Day Moving Average – Here’s Why

U-Haul Holding (NASDAQ:UHAL)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $70.30 and traded as high as $71.84. U-Haul shares last traded at $71.56, with a volume of 66,125 shares traded.

U-Haul Trading Up 0.4 %

The firm has a market capitalization of $14.03 billion, a PE ratio of 30.84 and a beta of 1.09. The firm’s 50-day simple moving average is $70.62 and its 200-day simple moving average is $70.37. The company has a quick ratio of 2.16, a current ratio of 2.33 and a debt-to-equity ratio of 0.88.

U-Haul (NASDAQ:UHAL) last issued its earnings results on Wednesday, November 6th. The transportation company reported $0.91 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.46). The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.69 billion. U-Haul had a net margin of 8.39% and a return on equity of 6.46%. During the same quarter in the prior year, the company earned $1.36 earnings per share. Equities analysts expect that U-Haul Holding will post 2.31 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Motley Fool Asset Management LLC purchased a new stake in U-Haul during the 3rd quarter valued at $201,000. Legacy Capital Group California Inc. purchased a new stake in shares of U-Haul during the third quarter worth about $244,000. Anthracite Investment Company Inc. purchased a new stake in shares of U-Haul during the third quarter worth about $269,000. Atom Investors LP bought a new stake in shares of U-Haul in the third quarter worth about $301,000. Finally, Granite Bay Wealth Management LLC purchased a new position in U-Haul during the 2nd quarter valued at about $308,000. 3.63% of the stock is owned by hedge funds and other institutional investors.

U-Haul Company Profile

U-Haul Holding Co engages in the insurance and moving and storage businesses. It operates through the following business segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance. The Moving and Storage segment includes the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces.