Mestek (OTCMKTS:MCCK) Issues 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) released its quarterly earnings data on Monday. The company reported $4.34 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $97.47 million during the quarter.

Mestek Trading Down 2.0%

OTCMKTS:MCCK traded down $1.00 on Friday, hitting $48.00. The company's stock had a trading volume of 1,099 shares, compared to its average volume of 876. The stock has a fifty day moving average of $43.48 and a two-hundred day moving average of $37.21. The firm has a market capitalization of $362.11 million, a P/E ratio of 3.79 and a beta of 0.49. Mestek has a one year low of $28.50 and a one year high of $52.00.

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.