Miller Industries traded at $47.69 this Thursday May 7th, decreasing $1.18 or 2.41 percent since the previous trading session. Looking back, over the last four weeks, Miller Industries lost 1.51 percent. Over the last 12 months, its price rose by 5.91 percent. Looking ahead, we forecast Miller Industries to be priced at 46.70 by the end of this quarter and at 43.86 in one year, according to Trading Economics global macro models projections and analysts expectations.
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company is engaged in the manufacturing of the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. The Company purchases the truck chassis for integration with its towing and recovery equipment and then resale to its customers. The Company’s domestic manufacturing operations are in Tennessee and Pennsylvania, and foreign manufacturing operations are in France and the United Kingdom. Its products primarily are sold through independent distributors that serve all 50 states, Canada and Mexico, and other foreign markets including Europe, the Pacific Rim, the Middle East, South America and Africa, and through prime contractors to governmental entities. The Company offers its products under various brands, which include Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige and Boniface.