MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading (May 30) to 47.93 and has a 50-day moving average of 46.15. Its market cap is $332.5 million and the company has a price-to-earnings ratio of 66.96. Cavco is the second largest producer of manufactured homes in North America, distributing their product through a network of independent and company-owned dealers.
(Image credit: Cavco Homes, Inc.)