Mayville Engineering Company, Inc. (NYSE:MEC) EVP Ryan F. Raber purchased 2,500 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was purchased at an average price of $9.97 per share, with a total value of $24,925.00.
Shares of MEC stock opened at $9.62 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.87 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $11.98. Mayville Engineering Company, Inc. has a one year low of $7.70 and a one year high of $17.40.
Mayville Engineering (NYSE:MEC) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.17. The firm had revenue of $128.51 million during the quarter, compared to analysts’ expectations of $140.10 million. Mayville Engineering had a negative net margin of 0.51% and a positive return on equity of 13.70%. As a group, equities research analysts predict that Mayville Engineering Company, Inc. will post 1.05 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of MEC. Bailard Inc. bought a new position in shares of Mayville Engineering in the third quarter worth approximately $148,000. Cubist Systematic Strategies LLC bought a new position in shares of Mayville Engineering in the second quarter worth approximately $288,000. Pentwater Capital Management LP bought a new position in shares of Mayville Engineering in the second quarter worth approximately $1,242,000. Morgan Stanley bought a new position in shares of Mayville Engineering in the second quarter worth approximately $834,000. Finally, Gratia Capital LLC bought a new position in shares of Mayville Engineering in the second quarter worth approximately $1,147,000. 28.02% of the stock is currently owned by institutional investors.
Mayville Engineering Company Profile
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.
Featured Story: Percentage Gainers
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.