Mayville Engineering (MEC) Projected to Post Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is projected to post its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Mayville Engineering to post earnings of ($0.13) per share and revenue of $124.13 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Mayville Engineering Price Performance

MEC opened at $14.73 on Tuesday. The stock has a fifty day moving average price of $15.72 and a 200 day moving average price of $17.83. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. Mayville Engineering has a 1 year low of $11.38 and a 1 year high of $23.02. The stock has a market cap of $304.13 million, a price-to-earnings ratio of 24.97 and a beta of 0.89.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MEC shares. Northland Securities downgraded Mayville Engineering from an “outperform” rating to a “market perform” rating and cut their price objective for the company 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 research report on Thursday, November 7th.

Mayville Engineering Company Profile

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.