StackIt Storage (NASDAQ:STAK) Stock Passes Below 50-Day Moving Average – Time to Sell?

Shares of StackIt Storage Inc (NASDAQ:STAK) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $2.17 and traded as low as $1.22. StackIt Storage shares last traded at $1.22, with a volume of 332,112 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of StackIt Storage in a report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

StackIt Storage Trading Down 4.8%

The company’s 50 day simple moving average is $2.04 and its 200-day simple moving average is $2.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.54 and a current ratio of 1.85.

About StackIt Storage

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.