NYSE:MECMayville Engineering Stock Price, Forecast & News

Mayville Engineering's stock was trading at $5.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MEC shares have increased by 11.3% and is now trading at $6.31. View which stocks have been most 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, August 4th 2020. View our earnings forecast for Mayville Engineering.

Mayville Engineering Company, Inc. (NYSE:MEC) issued its earnings results on Tuesday, May, 5th. The company reported $0.00 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.05. The business 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.

5 equities research analysts have issued 12 month price objectives for Mayville Engineering's shares. Their forecasts range from $8.00 to $19.00. On average, they expect Mayville Engineering's stock price to reach $14.67 in the next year. This suggests a possible upside of 132.4% from the stock's current price. View analysts' price targets for Mayville Engineering.

Media stories about MEC stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research firm rates the sentiment of media 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 five, with scores nearest to five being the most favorable. Mayville Engineering earned a news impact score of 1.4 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutMayville Engineering.

Mayville Engineering saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 42,700 shares, an increase of 12.1% from the April 30th total of 38,100 shares. Based on an average trading volume of 48,000 shares, the short-interest ratio is presently 0.9 days. Approximately 0.2% of the company's shares are sold short. View Mayville Engineering's Current Options Chain.

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

Mayville Engineering's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wells Fargo & Company MN (6.60%), Invesco Ltd. (2.61%), Wellington Management Group LLP (2.38%), BlackRock Inc. (1.72%), Advisor Group Holdings Inc. (0.61%) and State Street Corp (0.50%). 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 Wells Fargo & Company MN, Morgan Stanley, Nuveen Asset Management LLC, Invesco Ltd., Bank of New York Mellon Corp, UBS Group AG, Two Sigma Advisers LP, and Alambic Investment Management L.P.. View insider buying and selling activity for Mayville Engineering.

MEC stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Advisor Group Holdings Inc., Sontag Advisory LLC, National Investment Services of America LLC, Mesirow Financial Investment Management Inc., Squarepoint Ops LLC, Busey Wealth Management, and Geode Capital Management LLC. 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 $6.31.

Mayville Engineering has a market capitalization of $125.11 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]