Mestek (OTCMKTS:MCCK) Shares Gap Down - Here's What Happened

Key Points

• Mestek gapped down: the stock closed at $70.00, opened at $67.06 and was last at $68.03 on light volume of 512 shares.
• Valuation and technicals: market capitalization is $513.63 million, P/E ratio 5.85, beta 0.59, with a 50‑day moving average of $66.88 and a 200‑day moving average of $59.69.
• Recent results and business: Mestek reported $0.27 EPS and $111.35 million in revenue for the quarter (reported April 13) and manufactures HVAC and metal‑forming equipment under brands like Lockformer, IowaPrecision, Engel and Lion.

Mestek Inc. (OTCMKTS:MCCK - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $70.00, but opened at $67.06. Mestek shares last traded at $68.03, with a volume of 512 shares changing hands.

Mestek Stock Performance

The company has a market capitalization of $513.63 million, a P/E ratio of 5.85 and a beta of 0.59. The firm's fifty day moving average is $66.88 and its 200 day moving average is $59.69.

Mestek (OTCMKTS:MCCK - Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The company reported $0.27 EPS for the quarter. The firm had revenue of $111.35 million for the quarter.

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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