Friedman Industries (NYSEAMERICAN:FRD) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Friedman Industries, Incorporated (NYSEAMERICAN:FRD) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $19.33 and traded as high as $19.93. Friedman Industries shares last traded at $19.69, with a volume of 13,088 shares traded.

Friedman Industries Price Performance

The company’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $19.33. The firm has a market cap of $137.24 million, a price-to-earnings ratio of 24.31 and a beta of 1.40.

Friedman Industries (NYSEAMERICAN:FRD) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.32 EPS for the quarter. The company had revenue of $152.38 million for the quarter. Friedman Industries had a net margin of 1.27% and a return on equity of 4.44%.

Friedman Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 16th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, January 16th. Friedman Industries’s dividend payout ratio (DPR) is 19.75%.

About Friedman Industries

Friedman Industries, Inc operates through its subsidiary Shenango Furnace Company, LLC, as a manufacturer and distributor of industrial steel products in the United States. The company’s core business centers on the production of flat-rolled steel, including reload coils, case load coils and hook plate, which are custom-engineered to meet the specifications of heavy-duty and critical-service applications. Its facilities are designed to handle a wide variety of steel grades and specialty finishes, enabling it to serve demanding end-use markets.

Friedman Industries supplies steel products to customers in the oil and gas, agricultural equipment, heavy machinery and automotive sectors.