U-Haul (NASDAQ:UHAL) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

U-Haul Holding (NASDAQ:UHAL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $55.68 and traded as high as $58.30. U-Haul shares last traded at $57.5080, with a volume of 167,064 shares trading hands.

Analyst Ratings Changes

Separately, Vertical Research set a $80.00 price objective on shares of U-Haul and gave the stock a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, U-Haul presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

U-Haul Stock Down 1.3%

The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 26.62 and a beta of 1.12. The business’s fifty day moving average price is $53.15 and its 200 day moving average price is $55.68. The company has a current ratio of 2.03, a quick ratio of 1.83 and a debt-to-equity ratio of 0.89.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of UHAL. Ameritas Advisory Services LLC acquired a new position in shares of U-Haul in the second quarter valued at approximately $33,000. State of Wyoming purchased a new position in U-Haul in the 3rd quarter valued at $173,000. Brevan Howard Capital Management LP acquired a new position in U-Haul in the 3rd quarter valued at $218,000. FourThought Financial Partners LLC acquired a new position in U-Haul in the 3rd quarter valued at $227,000. Finally, Optas LLC purchased a new position in U-Haul during the 3rd quarter worth $236,000. 3.63% of the stock is currently owned by hedge funds and other institutional investors.

U-Haul Company Profile

U-Haul International, operating under its parent company AMERCO (NASDAQ: UHAL), is a leading provider of do-it-yourself moving and storage solutions in North America. Established in 1945 by Leonard Shoen, the company has grown from a regional rental business in Ridgefield, Washington, into a broad network of thousands of locations across the United States and Canada. U-Haul’s core offering centers on one-way and local truck and trailer rentals tailored to the needs of both individual and commercial customers.

In addition to its fleet of rental trucks and trailers, U-Haul offers a comprehensive range of moving and storage products.