What Is Mueller Industries, Inc.’s (NYSE:MLI) Share Price Doing?
Mueller Industries, Inc. (NYSE:MLI) saw a significant share price rise of 30% in the past couple of months on the NYSE. The company’s trading levels have reached its high for the past year, following the recent bounce in the share price. As a large-cap stock, it seems odd Mueller Industries is not more well-covered by analysts. Although, there is more of an opportunity for mispricing in stocks with low coverage, which can be a good thing. So, could the stock still be trading at a low price relative to its actual value? Today we will analyse the most recent data on Mueller Industries’s outlook and valuation to see if the opportunity still exists.
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