Cavco Industries on Benchmark’s List

CavcoBullCavcoFindsMarketLove-imagecredits=HotStockProfits_Cavco-MHProNews-470x145-Financial results released by Cavco, Industries, Inc. (NASDAQ:CVCO) place the manufactured housing industry’s #2 producer on a hot list of preferred performers, as reported by BenchmarkMonitor.

The first quarter of fiscal year 2017 saw net revenue of $185.1 million, a 14.5% increase from the same period last year.

A 17.0% increase in sales volume was credited for the drive as Cavco sold 3,395 homes this quarter alone.

Gross Margin for the company stood at 19.80% with a return on assets of 5.20%. With a quarterly performance of 7.19%, price to sale ratio and price to book ratio are 1.21 and 2.52 respectively.

The current Daily Business News market report confirms the findings outlining a $101.03 close with 44,417 shares traded.

A recent, detailed report by MHProNews on Cavco is linked here.

Cavco is currently moving at 52.57% ahead of its 52-week low.  ##

(Image credits, hotstockprofits for bull and Cavco’s corporate logo – collage and text by MHProNews.)

Frank Griffin, Daily Business News, MHProNews.

Article submitted by Frank Griffin, to Daily Business News for MHProNews.

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