Northland Securities reiterated their outperform rating on shares of Mayville Engineering (NYSE:MEC – Free Report) in a research report sent to investors on Tuesday morning, Benzinga reports. Northland Securities currently has a $30.00 price objective on the stock.
Mayville Engineering Stock Up 5.7 %
NYSE MEC opened at $21.00 on Tuesday. The stock has a market cap of $433.02 million, a PE ratio of 40.39 and a beta of 0.95. The business has a 50 day moving average price of $19.33 and a two-hundred day moving average price of $17.02. Mayville Engineering has a fifty-two week low of $9.72 and a fifty-two week high of $22.07. The company has a quick ratio of 0.97, a current ratio of 1.71 and a debt-to-equity ratio of 0.51.
Mayville Engineering (NYSE:MEC – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Mayville Engineering had a net margin of 1.69% and a return on equity of 5.81%. The business had revenue of $163.64 million during the quarter, compared to analyst estimates of $160.38 million. As a group, sell-side analysts predict that Mayville Engineering will post 0.68 EPS for the current fiscal year.
Insider Activity at Mayville Engineering
Institutional Trading of Mayville Engineering
Several institutional investors and hedge funds have recently bought and sold shares of MEC. Lazard Asset Management LLC bought a new stake in shares of Mayville Engineering in the 1st quarter valued at approximately $73,000. BNP Paribas Financial Markets increased its stake in Mayville Engineering by 49.6% during the first quarter. BNP Paribas Financial Markets now owns 5,426 shares of the company’s stock valued at $78,000 after purchasing an additional 1,799 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Mayville Engineering during the first quarter worth $147,000. Cubist Systematic Strategies LLC acquired a new position in shares of Mayville Engineering in the 2nd quarter valued at about $189,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Mayville Engineering during the 2nd quarter valued at about $191,000. Institutional investors and hedge funds own 45.44% of the company’s stock.
Mayville Engineering Company Profile
Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.
Featured Articles
- Five stocks we like better than Mayville Engineering
- What Investors Need to Know About Upcoming IPOs
- 3 Micro-Caps Set for Major Moves: Balancing Risk and Opportunity
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Autodesk Named a “Top Pick” by Morgan Stanley—Is It Time to Buy?
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- 4 Quirky ETFs With Big Potential for Impressive Gains
Receive News & Ratings for Mayville Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mayville Engineering and related companies with MarketBeat.com's FREE daily email newsletter.