NYSE:MEC - Mayville Engineering Stock Price, Forecast & News

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MEC shares have increased by 5.6% and is now trading at $5.99. View which stocks have been mosted impacted by Coronavirus.

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.

Mayville Engineering is scheduled to release its next quarterly earnings announcement on Tuesday, May 26th 2020. View our earnings forecast for Mayville Engineering.

Mayville Engineering Company, Inc. (NYSE:MEC) issued its quarterly earnings results on Wednesday, February, 26th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.12. The company had revenue of $102.33 million for the quarter, compared to analysts' expectations of $100.14 million. Mayville Engineering had a positive return on equity of 10.49% and a negative net margin of 0.93%. View Mayville Engineering's earnings history.

Mayville Engineering updated its FY 2020 After-Hours earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of for the period. The company issued revenue guidance of $425-465 million, compared to the consensus revenue estimate of $457.1 million.

5 equities research analysts have issued 1-year target prices for Mayville Engineering's shares. Their forecasts range from $17.00 to $19.00. On average, they expect Mayville Engineering's stock price to reach $18.00 in the next year. This suggests a possible upside of 200.5% from the stock's current price. View analysts' price targets for Mayville Engineering.

Media coverage about MEC stock has trended somewhat negative on Monday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Mayville Engineering earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View the latest news aboutMayville Engineering.

Mayville Engineering saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 25,400 shares, an increase of 26.4% from the February 13th total of 20,100 shares. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% 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 Energy Transfer LP Unit (ET), NVIDIA (NVDA), Alibaba Group (BABA), Walt Disney (DIS), Exxon Mobil (XOM), Aptinyx (APTX), Gilead Sciences (GILD), Onconova Therapeutics (ONTX), Opko Health (OPK) and AbbVie (ABBV).

(MEC) raised $126 million in an initial public offering on Thursday, May 9th 2019. The company issued 6,300,000 shares at $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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

Mayville Engineering's stock is owned by a number of retail and institutional investors. Top institutional investors include Jennison Associates LLC (3.79%), Royce & Associates LP (2.46%), State Street Corp (0.48%), Tocqueville Asset Management L.P. (0.48%), Geode Capital Management LLC (0.45%) and Advisor Group Inc. (0.37%). Company insiders that own Mayville Engineering stock include Clifford O Sanderson, Craig E Johnson, Jay O Rothman, Peter John A St, 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 Royce & Associates LP, and Nuveen Asset Management LLC. View insider buying and selling activity for Mayville Engineering.

MEC stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Tocqueville Asset Management L.P., Advisor Group Inc., Strs Ohio, Bank of New York Mellon Corp, State Street Corp, Alambic Investment Management L.P., and Marshall Wace LLP. Company insiders that have bought Mayville Engineering stock in the last two years include Clifford O Sanderson, Craig E Johnson, Jay O Rothman, Peter John A St, Robert D Kamphuis, Ryan F Raber, Slater Chad, Steven L Fisher, Timothy L Christen, and Todd M Butz. View insider buying and selling activity 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 $5.99.

Mayville Engineering has a market capitalization of $117.10 million and generates $519.70 million in revenue each year. The company earns $-4,750,000.00 in net income (profit) each year or $1.11 on an earnings per share basis. Mayville Engineering employs 2,600 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]