According to Zacks, “Mayville Engineering Company Inc. provides prototyping and tooling, production fabrication, coating, assembly and aftermarket services. It serves heavy and medium duty commercial vehicle, construction, powersports, agriculture, military and other end markets. The company also provides engineering and development services. It offers conventional and CNC stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services. Mayville Engineering Company Inc. is based in Wisconsin, United States. “
Shares of NYSE:MEC opened at $8.98 on Thursday. Mayville Engineering has a 1-year low of $7.70 and a 1-year high of $17.40. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.07 and a current ratio of 1.87. The business has a fifty day moving average price of $10.39 and a 200-day moving average price of $12.98.
In other Mayville Engineering news, CEO Robert D. Kamphuis acquired 20,000 shares of Mayville Engineering stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of $10.12 per share, for a total transaction of $202,400.00. Also, CFO Todd M. Butz acquired 10,000 shares of Mayville Engineering stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average price of $10.21 per share, with a total value of $102,100.00. Insiders have bought 60,000 shares of company stock valued at $558,225 over the last 90 days.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC increased its holdings in Mayville Engineering by 5.6% in the 3rd quarter. Squarepoint Ops LLC now owns 28,821 shares of the company’s stock worth $380,000 after buying an additional 1,526 shares in the last quarter. State Street Corp increased its holdings in Mayville Engineering by 9.2% in the 3rd quarter. State Street Corp now owns 69,712 shares of the company’s stock worth $920,000 after buying an additional 5,891 shares in the last quarter. Bailard Inc. bought a new stake in Mayville Engineering in the 3rd quarter worth about $148,000. Cubist Systematic Strategies LLC bought a new stake in Mayville Engineering in the 2nd quarter worth about $288,000. Finally, Pentwater Capital Management LP bought a new stake in Mayville Engineering in the 2nd quarter worth about $1,242,000. Institutional investors own 29.69% of the company’s stock.
About Mayville Engineering
Mayville Engineering Company, Inc operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components.
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