Currently, there are 35.27M common shares owned by the public and among those 33.11M shares have been available to trade.
The company’s stock has a 5-day price change of 8.11% and 5.52% over the past three months. MEI shares are trading 0.59% year to date (YTD), with the 12-month market performance down to -41.58% lower. It has a 12-month low price of $8.54 and touched a high of $22.20 over the same period. MEI has an average intraday trading volume of 434.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.23%, 4.32%, and 5.83% respectively.
Institutional ownership of Methode Electronics, Inc (NYSE: MEI) shares accounts for 93.66% of the company’s 35.27M shares outstanding.
It has a market capitalization of $422.89M and a beta (3y monthly) value of 0.76. The earnings-per-share (ttm) stands at -$2.51. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.50% over the week and 5.64% over the month.
Earnings per share for the fiscal year are expected to increase by 90.15%, and 338.94% over the next financial year.
Looking at the support for the MEI, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on April 09, 2024, with the firm’s price target at $12. Sidoti coverage for the Methode Electronics, Inc (MEI) stock in a research note released on March 07, 2024 offered a Neutral rating with a price target of $17. Robert W. Baird on their part issued Neutral rating on October 20, 2020.
