U-Haul (NASDAQ:UHALB) Stock Price Down 1.6% – Should You Sell?

U-Haul Holding Company (NASDAQ:UHALB – Get Free Report)’s share price was down 1.6% during trading on Tuesday. The company traded as low as $49.4450 and last traded at $49.55. Approximately 290,620 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 307,165 shares. The stock had previously closed at $50.37.

U-Haul Stock Up 1.2%

The company’s 50 day simple moving average is $58.11 and its 200-day simple moving average is $54.57. The firm has a market cap of $8.73 billion, a P/E ratio of 356.03 and a beta of 0.92. The company has a current ratio of 1.77, a quick ratio of 1.57 and a debt-to-equity ratio of 1.04.

Institutional Investors Weigh In On U-Haul

A number of hedge funds have recently modified their holdings of UHALB. Public Employees Retirement System of Ohio purchased a new stake in U-Haul in the 2nd quarter worth approximately $372,000. Ancora Advisors LLC bought a new position in U-Haul in the 2nd quarter worth $2,392,000. Finally, Ieq Capital LLC purchased a new stake in U-Haul in the 2nd quarter worth $2,631,000. Institutional investors own 35.74% of the company’s stock.

U-Haul Company Profile

(Get Free Report)

U-Haul Holding Company, formerly known as AMERCO, is the parent company of U-Haul, a provider of do-it-yourself moving and storage services. Its principal business includes the rental of trucks, trailers, towing equipment and related moving equipment for household and commercial relocations.

The company also offers self-storage through company-operated and affiliated facilities, along with moving supplies such as boxes, packing materials and protective equipment. Additional services include truck and trailer sales, vehicle storage, hitch installation and insurance products associated with moving and storage activities.

U-Haul serves customers throughout the United States and Canada through a network of company-owned and independent dealer locations.

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