U-Haul (NASDAQ:UHALB) Shares Down 0.4% – Here’s Why

U-Haul Holding Company (NASDAQ:UHALB)’s share price dropped 0.4% on Monday . The company traded as low as $62.8550 and last traded at $63.05. Approximately 273,378 shares traded hands during trading, a decline of 23% from the average daily volume of 352,915 shares. The stock had previously closed at $63.28.

U-Haul Stock Down 0.4%

The firm has a 50-day moving average price of $60.93 and a two-hundred day moving average price of $51.90. The company has a quick ratio of 1.57, a current ratio of 1.77 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $11.04 billion, a P/E ratio of 450.39 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of UHALB. Public Employees Retirement System of Ohio acquired a new stake in U-Haul during the 2nd quarter valued at $372,000. Ancora Advisors LLC acquired a new position in U-Haul in the second quarter worth $2,392,000. Finally, Ieq Capital LLC acquired a new position in U-Haul in the second quarter worth $2,631,000. 35.74% of the stock is owned by institutional investors and hedge funds.

U-Haul Company Profile

U-Haul Holding Company (NASDAQ: UHALB) is a leading provider of do-it-yourself moving and storage solutions across North America. The company offers a comprehensive range of products and services, including rental trucks, trailers, towing equipment, self-storage units, moving boxes and packing supplies. U-Haul’s network of company-owned locations, independent dealers and storage facilities enables customers to access affordable, short-term and long-term moving and storage options in all 50 U.S.