Skyline Corp. Bumped from SmallCap 600 Index
Manufactured housing and recreational vehicle builder Skyline Corp. will be replaced by Exterran Holdings Inc. in the S&P SmallCap 600 index after the close of trading on Dec. 30. Skyline is ranked No. 600 in the SmallCap 600 index.
SmartTrend reported that it identified a “downtrend” for Skyline on July 18 when the stock was $15.76 per share. Since then, Skyline share prices have moved between a 52-week high of $27.69 and a 52-week low of $4.25, and started today’s trading at $4.69.
Skyline, based in Elkhart, Ind., filed its financial report on Oct. 7 for the fiscal 2012 first quarter, ended Aug. 31. The company reported sales of $50.3 million compared with $45.8 million the previous year while posting a net loss of $6.8 million versus a net loss of $6 million.