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Fleetwood Enterprises Inc.’s stock price slipped below $3 a share today (Aug. 8) for the first time in more than 10 years.
Fleetwood stock closed at $2.67 in New York Stock Exchange trading today, slightly above its new 52-week low of $2.65, which also was established today.
No news releases were issued by Fleetwood today to explain the decline.
However, during recent conference calls with investment analysts, Fleetwood executives said the company’s manufactured housing business will continue to struggle although its motorhome sales are robust, its folding camper sales are solid and its travel trailer and fifth-wheel business is rebounding.