Cavco Industries, Sun Communities Shine on Wall St.

wall_street___house_financial_services_ceditAccording to moneyflowindex, shares of manufactured home community (MHC) owner Sun Communities, Inc. (NYSE:SUI) jumped by 3.55 percent in the past week, and 0.01 in the past four weeks. The shares have bested the S&P 500 by 6.34 percent in the past week and 1.07 percent for the past four weeks. rising 28.81 percent in the last 52 weeks.

Sun’s 50-day moving average is $66.57, while the 200 day moving average is $65.28. The S&P 500 has rallied 1.82% during the last 52-weeks while Sun rose 28.82 percent. Company stock is up 4.32% in the last 3-month period. For this year the stock has gained 13.27%, closing at $67.11, up +0.24 percent, Fri. Sept 18.

Sun owns and operates 251 manufactured home and recreational vehicle communities comprised of 93,350 sites in 30 states in the U. S. Headquarters for the real estate investment trust (REIT) are in Southfield, Michigan.

Meanwhile, MHProNews has learned from dakotafinancialnews that 330,800 shares of Cavco Industries, Inc. (NASDAQ:CVCO) traded hands on Friday, Sept. 18, an increase of 414 percent from the previous day of trading of 64,215. The company’s 50-day moving average is $72.46, while its 200-day moving average is $72.37. Cavco’s market cap is $632.47, while its p/e ratio is 27.42. The stock closed down -3.14 percent at $71.28 on Fri., Sept. 18.

Headquartered in Phoenix,AZ, Cavco produces and markets manufactured and modular homes, and park models as well as commercial modular structures, financing and distributing its products through 47 company-owned retail outlets. It also has 44 independent distribution facilities in 44 states, and in Canada, Mexico and Japan. ##

(Photo credit: House Financial Services)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily

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