Birds Eye View Technical Analysis for Middleby Corp. (NASDAQ:MIDD)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Middleby Corp. (NASDAQ:MIDD) for the period of 9-Day stands at 7.63% while the stochastic %D for the same period stands at 29.16%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Middleby Corp. (NASDAQ:MIDD) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Sell” for Middleby Corp. (NASDAQ:MIDD) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently Middleby Corp. (NASDAQ:MIDD)’s 20-Day Bollinger Band indicates “Sell”.

About Company

MIDDLEBY CORP. through its subsidiaries and their operating divisions, is engaged in the manufacture and sale of commercial foodservice equipment and beverage merchandisers. It designs, develops, manufactures and markets a broad line of equipment used for the cooking, preparation and refrigeration of food for commercial and institutional kitchens and restaurants, along with a line a refrigerated display coolers used primarily by soft drink bottlers in supermarkets and other retail outlets.

Previous Day Activity Analysis

On the last trading day, Middleby Corp. (NASDAQ:MIDD) opened the session at $108.51 and after going up 1.03% closed at $109.84. The stock gained 1.33 points in the last trade.

Middleby Corp. (NASDAQ:MIDD)’s stock fluctuated in the range of $107.68 and $110.10 during the previous active session. Middleby Corp. (NASDAQ:MIDD) traded with the volume of 1.33 Million with average volume of 587.98 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.86 while ATR (Average True Range) and RSI (Relative Strength Index) are at 2.84 and 33.27 respectively.

Currently the Insider Ownership of the shares of Middleby Corp. (NASDAQ:MIDD) is at 0.2% and the shares outstanding are 57.02 Million.

Important Ratio Analysis

Some important ratios to consider here for Middleby Corp. (NASDAQ:MIDD) are discussed below:

Price to Earnings P/E ratio stands at 20.65 while Forward P/E shows the value of 17.61.

The PEG ratio (Price to Earning to Growth) emits the value of 2.67. The Price to Sale P/S and Price to Book P/B shows the value of 2.72 and 4.76 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 76.66 and 22.74 correspondingly.

The Quick Ratio of Middleby Corp. (NASDAQ:MIDD) stands at 1 while the Current Ratio depicts the value of 1.9.

Return on Assets ROA of Middleby Corp. (NASDAQ:MIDD) is at 10% whereas, Return on Equity ROE and Return of Investment ROI of Middleby Corp. (NASDAQ:MIDD) stand at 22.8% and 15.5% respectively.

Stock Performance Analysis

The stock performance of Middleby Corp. (NASDAQ:MIDD) on the basis of 5 day trade show the dip of -7.66% whereas, the monthly performance of the stock shows decrease of -10.53%.

The quarterly performance of the stock remained in red zone with the value of -6.73% while six month performance of the shares of Middleby Corp. (NASDAQ:MIDD) remained bearish with the count of -18.73%.

The yearly and YTD performance of Middleby Corp. (NASDAQ:MIDD) remained down at -8.54% and -14.73% respectively.