Mueller Industries, Inc. (NYSE:MLI) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 328,102 shares, a decline of 47.6% from the January 12th total of 625,842 shares. Based on an average trading volume of 210,255 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the shares of the stock are sold short.
Separately, TheStreet downgraded shares of Mueller Industries from a “b” rating to a “c” rating in a report on Tuesday, February 6th.
Shares of Mueller Industries (NYSE:MLI) opened at $26.48 on Thursday. Mueller Industries has a fifty-two week low of $25.59 and a fifty-two week high of $43.68. The company has a quick ratio of 1.70, a current ratio of 3.05 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1,530.00, a PE ratio of 17.77 and a beta of 1.31.
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Mueller Industries Company Profile
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
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