Litmus test for Cavco Industries Inc. (NASDAQ:CVCO)


Cavco Industries, Inc. (NASDAQ:CVCO)‘s shares have moved between a high of $7.44% and a low of $52.82% over the previous 12 months.

For the last 50 days, the equity has risen to a peak price of $7.68% and hit a bottom of $21.06%.

The Barchart Technical Opinion rating is a 64% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is approaching overbought territory. Be watchful of a trend reversal.

Recently, Cavco Industries, Inc. (NASDAQ:CVCO) announced that on moving volumes, the 20-Day Simple Moving Average of stock is $14.02%, 50-Day SMA is $12.49% and 200-Day SMA is $23.89%.

The equity is now moved 30.95% for the year. Over the previous six months it has recorded movement of 27.19%, compared with a movement of 13.40% for the quarter, 12.09% for the month and 14.19% for the week.

The average volume, which is a measurement of three-months average, is 42.28K. Relative volume hand is 4.25. In total, Cavco Industries, Inc. has 8.85M shares due, with 8.43M of them being free float shares.

The equity’s short float stands at 1.50%, leading to a short ratio of 2.99.

Institutional investors own 99.40% of Cavco Industries, Inc.?s equity, while insiders own 6.00% of the stock. In the last few months, the equity has seen 5.06% institutional investor transactions, as against -4.50% insider transactions.

How have the shareholders seen their investment in the equity change? Cavco Industries, Inc.’s return on equity for the previous 12 months is 9.30% and return on investments for a same period calculates to 7.40%. The firm posted return on assets of 6.00% for the same 12 months period.

Does Cavco Industries, Inc. can keep its doors open at least over the interim? The firm’s current ratio at the close of the recent quarter was 2.70, while quick ratio for the equivalent period was 2.00.

For the debt matters, the firm’s Long Term Debt/Equity for the recent quarter was 0.13 and Total Debt/Equity for the equivalent period was 0.15.

Cavco Industries Inc. (NASDAQ:CVCO) announced that it has signed a Letter of Intent and has reached an understanding on the principal terms to acquire Lexington Homes, Inc. (“Lexington”). Lexington provides affordable manufactured housing from its manufacturing plant in Lexington, Mississippi to its retail distributors in the Southeastern United States.