Mestek (OTCMKTS:MCCK) Shares Up 2% - Time to Buy?

Key Points

• Mestek Inc. shares increased by 2% during trading, reaching a price of $51.00, with a significant trading volume spike of 1,007% compared to the average.
• The company's market capitalization stands at $384.54 million, with a price-to-earnings ratio of 4.03 and a low beta of 0.50, indicating lower volatility than the market.
• Mestek reported $4.34 earnings per share and $97.47 million in revenue for its last quarter, reflecting its operations in manufacturing heating, ventilation, and air conditioning products.

Mestek Inc. (OTCMKTS:MCCK - Get Free Report)'s stock price shot up 2% during mid-day trading on Monday . The company traded as high as $51.00 and last traded at $51.00. 2,303 shares were traded during mid-day trading, an increase of 1,007% from the average session volume of 208 shares. The stock had previously closed at $50.00.

Mestek Price Performance

The company has a market capitalization of $384.54 million, a price-to-earnings ratio of 4.03 and a beta of 0.50. The stock has a fifty day simple moving average of $47.38 and a 200-day simple moving average of $40.90.

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

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