Mayville Engineering (MEC) Projected to Post Quarterly Earnings on Tuesday

Mayville Engineering (NYSE:MEC) is expected to post its quarterly earnings results after the market closes on Tuesday, March 4th. Analysts expect Mayville Engineering to post earnings of ($0.13) per share and revenue of $124.13 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Mayville Engineering Trading Down 2.2 %

MEC opened at $14.73 on Tuesday. The firm has a market capitalization of $304.13 million, a P/E ratio of 24.97 and a beta of 0.89. The firm’s 50 day moving average is $15.72 and its 200-day moving average is $17.83. The company has a quick ratio of 0.91, a current ratio of 1.77 and a debt-to-equity ratio of 0.47. Mayville Engineering has a 52-week low of $11.38 and a 52-week high of $23.02.

Analyst Ratings Changes

Several brokerages have recently commented on MEC. Northland Capmk lowered Mayville Engineering from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities lowered shares of Mayville Engineering from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $30.00 to $20.00 in a research note on Thursday, November 7th.

About Mayville Engineering

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.