Mestek (OTCMKTS:MCCK) Shares Down 2% - What's Next?

Key Points

• Mestek Inc. (OTCMKTS:MCCK) saw its stock price decrease by 2%, trading at $48.00 after closing at $49.00 the previous day.
• The company reported $4.34 EPS and $97.47 million in revenue for the most recent quarter, indicating a strong financial performance despite the drop in stock price.
• Mestek has a market capitalization of $362.11 million and a low price-to-earnings ratio of 3.79, which may present opportunities for investors considering entry points in the stock.

Mestek Inc. (OTCMKTS:MCCK - Get Free Report) fell 2% during trading on Thursday . The stock traded as low as $48.00 and last traded at $48.00. 1,105 shares traded hands during trading, an increase of 92% from the average session volume of 577 shares. The stock had previously closed at $49.00.

Mestek Price Performance

The firm has a market cap of $361.92 million, a P/E ratio of 3.79 and a beta of 0.49. The company has a fifty day moving average of $43.82 and a 200-day moving average of $37.43.

Mestek (OTCMKTS:MCCK - Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $4.34 EPS for the quarter. The business had revenue of $97.47 million for the quarter.

Mestek Company Profile

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.