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

U-Haul Holding (NASDAQ:UHAL)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 trading hands.

U-Haul Price Performance

The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.16 and a current ratio of 2.33. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 30.84 and a beta of 1.09. The company has a 50 day moving average of $70.62 and a 200 day moving average of $70.37.

U-Haul (NASDAQ:UHAL) last announced its quarterly earnings data on Wednesday, November 6th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.46). U-Haul had a return on equity of 6.46% and a net margin of 8.39%. The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $1.36 earnings per share. As a group, equities research analysts anticipate that U-Haul Holding will post 2.31 EPS for the current year.

Institutional Investors Weigh In On U-Haul

Several institutional investors have recently modified their holdings of the company. Motley Fool Asset Management LLC purchased a new stake in U-Haul during the 3rd quarter worth about $201,000. Legacy Capital Group California Inc. acquired a new stake in shares of U-Haul during the 3rd quarter worth about $244,000. Anthracite Investment Company Inc. acquired a new position in U-Haul in the third quarter valued at approximately $269,000. Atom Investors LP purchased a new position in U-Haul in the third quarter valued at approximately $301,000. Finally, Granite Bay Wealth Management LLC acquired a new stake in U-Haul during the second quarter worth approximately $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.