Notable News to Focus: Patrick Industries (NASDAQ:PATK)

Patrick Industries (NASDAQ:PATK) stock observed trading 0.91% off 52-week high price. On the other end, the stock has been noted 398.26% away from low price over the last 52-weeks. The stock disclosed a move of 14.63% away from 50 day moving average and 33.07% away from 200 day moving average. Moving closer, we can see that shares have been trading 10.04% off 20-day moving average. It has market cap of $1.91B and dividend yield of 1.35%.

On Feb. 24, 2021, Patrick Industries (NASDAQ:PATK) a major manufacturer and distributor of component and building products for the recreational vehicle, marine, manufactured housing and industrial markets, declared that on February 23, 2021, its Board of Directors declared a quarterly cash dividend on its common stock of $0.28 per share. The dividend is payable on March 22, 2021, to shareholders of record at the close of business on March 8, 2021.

About Patrick Industries

Patrick Industries is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada, China and the Netherlands. Patrick’s major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, aluminum fuel tanks, and CNC molds and composite parts and other products.

The USA based company Patrick Industries moved with change of 1.86% to $83.21 with the total traded volume of 321971 shares in recent session versus to an average volume of 161.50K shares. The stock was observed in the 5 days activity at 3.37%. The one month performance of stock was 19.54%. PATK’s shares are at 35.15% for the quarter and driving a 43.47% return over the course of the past year and is now at 21.74% since this point in 2018.  Right now the stock beta is 2.4. The average volatility for the week and month was at 3.24% and 4.18% respectively. There are 22.67M shares outstanding and 21.57M shares are floated in market.

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Dennis Morris

Dennis Morris writes related to the Business Category. He manages to cover anything thrown at him in these two verticals owing to his natural inclination towards Business. Dennis is our freelance contributor. He is responsible for covering developments in finance and business categories.

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