Mayville Engineering (NYSE:MEC) Issues Earnings Results

Mayville Engineering (NYSE:MEC) issued its quarterly earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.89, Zacks reports. Mayville Engineering had a return on equity of 5.20% and a net margin of 2.01%.

Mayville Engineering Trading Down 0.4 %

MEC stock traded down $0.05 during trading on Tuesday, hitting $13.85. 179,316 shares of the company traded hands, compared to its average volume of 76,050. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.77. The company has a 50-day moving average of $15.53 and a 200-day moving average of $17.65. The firm has a market capitalization of $285.84 million, a PE ratio of 23.47 and a beta of 0.89. Mayville Engineering has a 1 year low of $12.23 and a 1 year high of $23.02.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Northland Securities lowered Mayville Engineering from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $30.00 to $20.00 in a research note on Thursday, November 7th. Northland Capmk lowered shares of Mayville Engineering from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.