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

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

Mayville Engineering Company, Inc. (NYSE:MEC) issued its earnings results on Tuesday, October, 29th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.17. The business had revenue of $128.51 million for the quarter, compared to analysts' expectations of $140.10 million. Mayville Engineering had a negative net margin of 0.51% and a positive return on equity of 13.70%. 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 Wall Street analysts have issued 1-year price targets for Mayville Engineering's stock. Their forecasts range from $17.00 to $19.00. On average, they expect Mayville Engineering's share price to reach $18.00 in the next twelve months. This suggests a possible upside of 103.4% 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.

Media coverage about MEC stock has trended extremely negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -4.5 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Mayville Engineering.

Mayville Engineering saw a decrease in short interest in December. As of December 31st, there was short interest totalling 31,900 shares, a decrease of 20.3% from the December 15th total of 40,000 shares. Based on an average trading volume of 64,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short. 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 Opko Health (OPK), Alibaba Group (BABA), Walt Disney (DIS), Exxon Mobil (XOM), NVIDIA (NVDA), Unity Biotechnology (UBX), vTv Therapeutics (VTVT), AbbVie (ABBV), Berkshire Hathaway (BRK.B) and Energy Transfer LP Unit (ET).

(MEC) raised $126 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

Mayville Engineering's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Tocqueville Asset Management L.P. (0.48%) and Strs Ohio (0.17%). 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 purchased by a variety of institutional investors in the last quarter, including Tocqueville Asset Management L.P. and Strs Ohio. 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 $8.85.

Mayville Engineering has a market capitalization of $174.70 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]