Mestek (OTCMKTS:MCCK) Releases Quarterly Earnings Results

Key Points

• Mestek reported a quarterly earnings result of $4.34 earnings per share (EPS), indicating strong financial performance.
• The company’s stock price rose by 13.0% during trading, reaching $52.00 per share.
• Mestek has a market capitalization of $392.29 million with a P/E ratio of 4.85, reflecting a low valuation relative to its earnings.

Mestek (OTCMKTS:MCCK - Get Free Report) announced its quarterly earnings data on Monday. The company reported $4.34 earnings per share (EPS) for the quarter, Zacks reports.

Mestek Stock Up 13.0%

MCCK traded up $6.00 during trading on Monday, reaching $52.00. 275 shares of the company's stock were exchanged, compared to its average volume of 816. Mestek has a fifty-two week low of $28.50 and a fifty-two week high of $52.00. The business has a 50 day moving average price of $42.54 and a 200 day moving average price of $36.82. The company has a market capitalization of $392.29 million, a P/E ratio of 4.85 and a beta of 0.49.

About Mestek

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.

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