Director Makes Strategic Move with Myers Industries Stock Purchase

New insider activity at Myers Industries ( (MYE) ) has taken place on November 4, 2025.

Director Yvette Dapremont Bright has made a strategic investment by purchasing 1,000 shares of Myers Industries stock, amounting to a total value of $17,450.

Recent Updates on MYE stock

In the last 24 hours, Myers Industries reported its Q3 earnings, showcasing a mixed financial performance with a slight increase in net sales to $205.4 million and a significant improvement in free cash flow, which doubled from the previous year. The company also saw a 5.3% rise in gross profit and a turnaround in operating income. Despite these positive developments, Myers Industries faces challenges with soft demand in the automotive aftermarket and vehicle end-markets, as well as high SG&A expenses driven by unusual legal fees and medical claims. The company is actively pursuing strategic initiatives, including a transformation program and the sale of its Myers Tire Supply business, to streamline operations and achieve cost savings. Analysts have maintained a neutral outlook on the stock, citing strong cash flow management but also noting high leverage and declining profitability as concerns.

Spark’s Take on MYE Stock

According to Spark, TipRanks’ AI Analyst, MYE is a Outperform.

Myers Industries has a solid financial foundation with strong cash flow and revenue growth, but faces challenges with high leverage and moderate profitability. Technical indicators suggest a neutral to positive trend, while valuation metrics indicate potential overvaluation. The earnings call provided a mixed outlook with positive transformation progress but highlighted ongoing challenges in certain market segments.

To see Spark’s full report on MYE stock, click here.

More about Myers Industries

YTD Price Performance: 68.59%

Average Trading Volume: 241,747

Technical Sentiment Signal: Buy

Current Market Cap: $676.7M