Methode Electronics (NYSE:MEI) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Methode Electronics, Inc. (NYSE:MEI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.01 and traded as high as $11.25. Methode Electronics shares last traded at $11.16, with a volume of 549,423 shares trading hands.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on Methode Electronics from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, December 6th.

Methode Electronics Price Performance

The stock has a market cap of $389.73 million, a price-to-earnings ratio of -4.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.75 and a quick ratio of 1.73. The stock’s 50 day simple moving average is $11.24 and its two-hundred day simple moving average is $11.01.

Methode Electronics (NYSE:MEI) last posted its earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same period last year, the business posted $0.06 EPS. On average, analysts forecast that Methode Electronics, Inc. will post -0.4 earnings per share for the current fiscal year.

Methode Electronics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, January 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.12%. Methode Electronics’s payout ratio is -22.13%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quest Partners LLC boosted its position in Methode Electronics by 17.1% during the 2nd quarter. Quest Partners LLC now owns 12,062 shares of the electronics maker’s stock worth $125,000 after acquiring an additional 1,758 shares during the last quarter. nVerses Capital LLC boosted its holdings in Methode Electronics by 1,600.0% during the third quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 3,200 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Methode Electronics by 4.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,971 shares of the electronics maker’s stock valued at $909,000 after purchasing an additional 3,288 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Methode Electronics by 3.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 155,508 shares of the electronics maker’s stock valued at $1,610,000 after buying an additional 5,220 shares during the last quarter. Finally, Versor Investments LP lifted its position in Methode Electronics by 16.9% during the 3rd quarter. Versor Investments LP now owns 38,100 shares of the electronics maker’s stock worth $456,000 after buying an additional 5,500 shares in the last quarter. 95.49% of the stock is currently owned by institutional investors.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.