Mayville Engineering Stock Forecast, Price & News

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MEC shares have increased by 57.1% and is now trading at $8.91.
View which stocks have been most impacted by COVID-19.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 2 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 Monday, November 2nd 2020.
View our earnings forecast for Mayville Engineering.

Mayville Engineering will be holding an earnings conference call on Monday, November 2nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings data on Tuesday, August, 4th. The company reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.08. The firm had revenue of $62.58 million for the quarter, compared to analysts' expectations of $73.37 million. Mayville Engineering had a net margin of 0.28% and a return on equity of 0.55%.
View Mayville Engineering's earnings history.

2 brokerages have issued twelve-month price targets for Mayville Engineering's shares. Their forecasts range from $10.00 to $10.00. On average, they anticipate Mayville Engineering's stock price to reach $10.00 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts' price targets for Mayville Engineering.

Mayville Engineering saw a decline in short interest in October. As of October 15th, there was short interest totaling 61,100 shares, a decline of 28.2% from the September 30th total of 85,100 shares. Based on an average trading volume of 42,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.3% of the shares of the stock are short sold.
View Mayville Engineering's Short Interest.

Some companies that are related to Mayville Engineering include Park-Ohio (PKOH), Omni-Lite Industries Canada (OLNCF), Shiloh Industries (SHLOQ), Shiloh Industries (SHLO) and Stamford Industrial Group (SIDGQ).
View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer (ET), Aurora Cannabis (ACB), Alibaba Group (BABA), The Walt Disney (DIS), NVIDIA (NVDA), Opko Health (OPK), SSR Mining (SSRM), VBI Vaccines (VBIV), AbbVie (ABBV) and Aldeyra Therapeutics (ALDX).

(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 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 $8.91.

Mayville Engineering has a market capitalization of $178.73 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]