Mayville Engineering (NYSE:MEC) is scheduled to post its quarterly earnings results after the market closes on Tuesday, March 2nd. Individual interested in participating in the company’s earnings conference call can do so using this link.
Mayville Engineering stock opened at $15.01 on Tuesday. Mayville Engineering has a 1-year low of $3.89 and a 1-year high of $15.90. The firm has a market capitalization of $301.09 million, a price-to-earnings ratio of -31.27 and a beta of 0.61. The company has a current ratio of 2.09, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $14.06 and a 200 day simple moving average of $11.26.
A number of research analysts recently weighed in on the stock. Smith Barney Citigroup lifted their price objective on shares of Mayville Engineering from $10.00 to $13.00 in a research note on Wednesday, November 4th. Robert W. Baird raised their price target on shares of Mayville Engineering from $14.00 to $20.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Finally, Zacks Investment Research raised shares of Mayville Engineering from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Friday. Four equities research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $14.75.
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.
Further Reading: Outstanding Shares
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