Mestek (OTCMKTS:MCCK) Stock Price Down 0.8% - Here's What Happened

Key Points

• Shares fell 0.8% to $65.50 mid-day, with volume at 1,025 shares — a 412% increase versus the average daily volume of 200 shares.
• Mestek has a market capitalization of $494.53 million, a trailing P/E of 6.10 and a beta of 0.53, with a 50-day moving average of $65.15 and a 200-day moving average of $56.37.
• The company manufactures and sells HVAC and metal forming equipment (brands include Lockformer, IowaPrecision, Engel and Lion) for U.S. and international markets.

Mestek Inc. (OTCMKTS:MCCK - ) shares dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $65.50 and last traded at $65.50. Approximately 1,025 shares were traded during trading, an increase of 412% from the average daily volume of 200 shares. The stock had previously closed at $66.00.

Mestek Trading Down 0.8%

The company has a market capitalization of $494.53 million, a PE ratio of 6.10 and a beta of 0.53. The business has a fifty day moving average of $65.15 and a 200 day moving average of $56.37.

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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