StackIt Storage (NASDAQ:STAK) Shares Break Below 200-Day Moving Average – Here’s What Happened

Shares of StackIt Storage Inc (NASDAQ:STAK – Get Free Report) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $1.61 and traded as low as $1.53. StackIt Storage shares last traded at $1.53, with a volume of 1,013,361 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of StackIt Storage from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Analysis on STAK

StackIt Storage Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.75 and a current ratio of 1.72. The business’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.62.

StackIt Storage (NASDAQ:STAK – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $4.49 million during the quarter.

About StackIt Storage

(Get Free Report)

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.

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