Mayville Engineering Stock Price, Forecast & Analysis (NYSE:MEC)

Mayville Engineering trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

Mayville Engineering Company, Inc. (NYSE:MEC) posted its quarterly earnings results on Tuesday, October, 29th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.17. The business had revenue of $128.51 million for the quarter, compared to analyst estimates of $140.10 million. Mayville Engineering had a positive return on equity of 13.70% and a negative net margin of 0.51%. View Mayville Engineering's Earnings History.

Mayville Engineering is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Mayville Engineering.

5 brokerages have issued 12-month target prices for Mayville Engineering's shares. Their forecasts range from $17.00 to $19.00. On average, they anticipate Mayville Engineering's stock price to reach $18.00 in the next year. This suggests a possible upside of 93.1% from the stock's current price. View Analyst Price Targets for Mayville Engineering.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Mayville Engineering.

News headlines about MEC stock have trended somewhat negative recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Mayville Engineering earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Mayville Engineering.

Mayville Engineering saw a decline in short interest in the month of October. As of October 15th, there was short interest totalling 66,700 shares, a decline of 10.0% from the September 15th total of 74,100 shares. Based on an average daily trading volume, of 48,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are short sold. View Mayville Engineering's Current Options Chain.

Some companies that are related to Mayville Engineering include TriMas (TRS), Materion (MTRN), Park-Ohio (PKOH), Shiloh Industries (SHLO) and Omni-Lite Industries Canada (OLNCF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Onconova Therapeutics (ONTX), Nicolet Bankshares (NCBS), Maxim Integrated Products (MXIM), LYFT (LYFT), GALAPAGOS NV/S (GLPG), Republic First Bancorp (FRBK), Diamondback Energy (FANG), Amdocs (DOX), CoStar Group (CSGP) and Andrews Sykes Group (ASY).

(MEC) raised $126 million in an initial public offering on Thursday, May 9th 2019. The company issued 6,300,000 shares at a price of $19.00-$21.00 per share. Baird, Citigroup and Jefferies acted as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

Mayville Engineering's lock-up period expired on Tuesday, November 5th. Mayville Engineering had issued 6,250,000 shares in its IPO on May 9th. The total size of the offering was $106,250,000 based on an initial share price of $17.00. Since the end of Mayville Engineering's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company have been lifted.

Mayville Engineering's stock is owned by a number of of institutional and retail investors. Top institutional investors include Skylands Capital LLC (0.43%) and Bailard Inc. (0.06%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Jay O Rothman, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen and Todd M Butz. View Institutional Ownership Trends for Mayville Engineering.

MEC stock was sold by a variety of institutional investors in the last quarter, including Skylands Capital LLC. View Insider Buying and Selling for Mayville Engineering.

MEC stock was purchased by a variety of institutional investors in the last quarter, including Bailard Inc.. Company insiders that have bought Mayville Engineering stock in the last two years include Clifford O Sanderson, Jay O Rothman, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen and Todd M Butz. View Insider Buying and Selling for Mayville Engineering.

Shares of MEC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MEC stock can currently be purchased for approximately $9.32.

Mayville Engineering has a market capitalization of $183.98 million and generates $354.53 million in revenue each year. Mayville Engineering employs 3,100 workers across the globe.View Additional Information About Mayville Engineering.

The official website for Mayville Engineering is http://www.mecinc.com/.

Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The company can be reached via phone at 920-387-4500 or via email at [email protected]