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The price of Featherlite Inc. stock more than doubled today (April 22) after the specialty trailer and bus conversion manufacturer reported that it returned to profitability.
Meanwhile, Thor Industries Inc. stock broke the $60 a share barrier in New York Stock Exchange trading today. Thor shares climbed as high as $60.50, shattering its previous 52-week high of $59.49, before closing at $60.25, up $1.05 for the day.
Concerning Featherlite, its stock gained $1.54 a share today, a 119% increase, to close at $2.84. Earlier in today’s session, Featherlite stock climbed as high as $3 a share, surpassing its previous 52-week high of $2 a share.
Before the market opened today, Featherlite, a Nasdaq Stock Market listed firm, reported it earned $1.1 million during the first quarter, after losing $4.9 million during the fourth quarter and $8.8 million for the full year 2001.
Company executives believe Featherlite, manufacturer of Vantare bus conversions, will remain profitable at least through the end of this year.