Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Methode Electronics, Inc (NYSE: MEI) closed the day trading at $6.72 down -3.03% from the previous closing price of $6.93. In other words, the price has decreased by -$3.03 from its previous closing price. On the day, 0.87 million shares were traded. MEI stock price reached its highest trading level at $7.04 during the session, while it also had its lowest trading level at $6.57.
Ratios:
For a better understanding of MEI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.50 whereas as Long-Term Debt/Eq ratio is at 0.48.
On April 09, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $12.
Sidoti Downgraded its Buy to Neutral on March 07, 2024, while the target price for the stock was maintained at $17.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’25 when Ullrich Lars bought 15,150 shares for $6.69 per share. The transaction valued at 101,390 led to the insider holds 15,150 shares of the business.
DeGaynor Jonathan B bought 32,733 shares of MEI for $211,357 on Mar 11 ’25. The CEO and President now owns 32,733 shares after completing the transaction at $6.46 per share. On Sep 23 ’24, another insider, LINDSEY MARY A, who serves as the Director of the company, bought 8,800 shares for $11.38 each. As a result, the insider paid 100,108 and bolstered with 25,970 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEI now has a Market Capitalization of 243983040 and an Enterprise Value of 595519040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.23 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.557 whereas that against EBITDA is 11.746.
Stock Price History:
The Beta on a monthly basis for MEI is 1.07, which has changed by -0.5161987 over the last 52 weeks, in comparison to a change of 0.10611236 over the same period for the S&P500. Over the past 52 weeks, MEI has reached a high of $17.45, while it has fallen to a 52-week low of $5.08. The 50-Day Moving Average of the stock is -18.53%, while the 200-Day Moving Average is calculated to be -28.68%.
Shares Statistics:
Over the past 3-months, MEI traded about 329.53K shares per day on average, while over the past 10 days, MEI traded about 614750 shares per day. A total of 35.80M shares are outstanding, with a floating share count of 32.63M. Insiders hold about 7.31% of the company’s shares, while institutions hold 91.57% stake in the company. Shares short for MEI as of 1749772800 were 1089224 with a Short Ratio of 4.94, compared to 1747267200 on 1420808. Therefore, it implies a Short% of Shares Outstanding of 1089224 and a Short% of Float of 4.29.
Dividends & Splits
MEI’s forward annual dividend rate is 0.56, up from 0.56 a year ago. Against a Trailing Annual Dividend Yield of 0.08080808The stock’s 5-year Average Dividend Yield is 2.57.
