NYSE:MECMayville Engineering Stock Price, Forecast & News

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MEC stock has increased by 38.6% and is now trading at $7.86. View which stocks have been most impacted by Coronavirus.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 buy rating 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, August 4th 2020. View our earnings forecast for Mayville Engineering.

Mayville Engineering Company, Inc. (NYSE:MEC) announced its earnings results on Tuesday, May, 5th. The company reported $0.00 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.05. The firm earned $108.61 million during the quarter, compared to analysts' expectations of $101.51 million. Mayville Engineering had a negative net margin of 1.50% and a positive return on equity of 7.98%. View Mayville Engineering's earnings history.

1 brokerages have issued 1-year price objectives for Mayville Engineering's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate Mayville Engineering's stock price to reach $8.00 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price. View analysts' price targets for Mayville Engineering.

News coverage about MEC stock has trended negative this week, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -2.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Mayville Engineering.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer LP Unit (ET), Carnival (CCL), Walt Disney (DIS), NVIDIA (NVDA), Alibaba Group (BABA), Enterprise Products Partners (EPD), Ford Motor (F), Harley-Davidson (HOG), Kohl's (KSS) and Occidental Petroleum (OXY).

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

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 $7.86.

Mayville Engineering has a market capitalization of $155.86 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.

The official website for Mayville Engineering is 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]