Mestek (OTCMKTS:MCCK) Trading Up 3.3% - Should You Buy?

Key Points

• Shares of Mestek Inc. (OTCMKTS:MCCK) increased by 3.3%, reaching a trading price of $46.50 on Tuesday, despite a significant decrease in trading volume.
• The company's recent quarterly earnings showed earnings per share of $4.34 and revenues of $97.47 million.
• Mestek has a market capitalization of $350.61 million and a price-to-earnings ratio of 3.67, indicating a potentially undervalued stock.

Shares of Mestek Inc. (OTCMKTS:MCCK - Get Free Report) were up 3.3% on Tuesday . The stock traded as high as $46.50 and last traded at $46.50. Approximately 344 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 845 shares. The stock had previously closed at $45.00.

Mestek Price Performance

The company has a 50 day moving average price of $45.45 and a two-hundred day moving average price of $38.78. The stock has a market cap of $350.61 million, a PE ratio of 3.67 and a beta of 0.49.

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