Mestek (OTCMKTS:MCCK) Shares Up 3.5% – Here’s Why

Mestek Inc. (OTCMKTS:MCCK) shares shot up 3.5% during mid-day trading on Tuesday . The company traded as high as $72.45 and last traded at $72.45. 152 shares traded hands during trading, a decline of 55% from the average daily volume of 341 shares. The stock had previously closed at $70.00.

Mestek Price Performance

The business has a 50 day simple moving average of $71.32 and a 200 day simple moving average of $65.57. The stock has a market cap of $537.94 million, a PE ratio of 6.53 and a beta of 0.56.

Mestek (OTCMKTS:MCCK) last released its earnings results on Thursday, May 14th. The company reported $3.44 earnings per share (EPS) for the quarter. The business had revenue of $101.91 million during the quarter.

Mestek Company Profile

Mestek, Inc, together with its subsidiaries, manufactures and sells heating, ventilating, and air conditioning products and equipment; and metal forming equipment in the United States and internationally. The company offers equipment for heating, ventilation, and air conditioning primarily under the Lockformer, lowaPrecision, Engel, and Lion brands; roll forming and flexible fabrication equipment; metal stamping products, including uncoilers, straighteners, press feeds, and dies; and coil metal processing products, including cut-to-length, multi-blanking, and coil slitting and precision corrective levelers.