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Skyline Stock Posts Large Volume Increases

Shares of Skyline Corp. saw unusually high trading volume on Monday (Jan. 10). Approximately 74,414 shares changed hands during mid-day trading. During the most recent quarter, the stock had an average daily volume of 28,329 shares. The stock last traded at $24.39, American Banking & Market News reported.

Skyline traded down 4.58% during mid-day trading on Monday. The stock has a 52-week low of $16.50 and a 52-week high of $29.39. Its 50-day moving average is $23.43 and its 200-day moving average is $20.18. The company has a market cap of $204.7 million.

Elkhart, Ind.-based Skyline designs, produces and distributes manufactured housing and recreational vehicles (travel trailers, fifth-wheels and park models) to independent dealers and manufactured housing communities located throughout the United States and Canada.

In the fiscal year ending May 31, 2010, the company sold a total of 3,100 recreational vehicles.

Last week, Skyline reported consolidated sales of $37.2 million for the three-month period ending Nov. 30 and a total operating loss of $7.77 million.

The company shipped 936 RVs during the quarter, 691 to U.S. dealers and 245 to Canadian dealers. Total value of the RV shipments was $12.15 million.

The total was well above the 629 valued at $9.35 million shipped to U.S. and Canadian dealers in the same quarter in 2009.

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