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The closing price of Methode Electronics, Inc. (NYSE: MEI) was $13.89 for the day, up 1.76% from the previous closing price of $13.65. In other words, the price has increased by $1.76 from its previous closing price. On the day, 0.9 million shares were traded. MEI stock price reached its highest trading level at $14.15 during the session, while it also had its lowest trading level at $13.585.
Ratios:
Our analysis of MEI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 2.76. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.46.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on April 09, 2024, initiated with a Hold rating and assigned the stock a target price of $12.
On March 07, 2024, Sidoti Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $17.
On November 22, 2022, Jefferies started tracking the stock assigning a Buy rating and target price of $52.Jefferies initiated its Buy rating on November 22, 2022, with a $52 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 21 ’23 when DUDA DONALD W bought 23,245 shares for $21.80 per share. The transaction valued at 506,636 led to the insider holds 23,245 shares of the business.
ASPATORE WALTER J bought 1,000 shares of MEI for $22,500 on Sep 20 ’23. The Director now owns 19,000 shares after completing the transaction at $22.50 per share.
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 490655936 and an Enterprise Value of 689455680. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.619 whereas that against EBITDA is 11.786.
Stock Price History:
The Beta on a monthly basis for MEI is 0.75, which has changed by -0.57998186 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, MEI has reached a high of $33.86, while it has fallen to a 52-week low of $8.54. The 50-Day Moving Average of the stock is 25.33%, while the 200-Day Moving Average is calculated to be -21.26%.
Shares Statistics:
MEI traded an average of 727.69K shares per day over the past three months and 1124320 shares per day over the past ten days. A total of 35.30M shares are outstanding, with a floating share count of 32.87M. Insiders hold about 6.94% of the company’s shares, while institutions hold 98.84% stake in the company. Shares short for MEI as of 1719532800 were 1689791 with a Short Ratio of 2.32, compared to 1717113600 on 2328031. Therefore, it implies a Short% of Shares Outstanding of 1689791 and a Short% of Float of 8.41.
Dividends & Splits
With its trailing 12-month dividend rate of 0.56, MEI has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.041025642The stock’s 5-year Average Dividend Yield is 1.65. The current Payout Ratio is 26.71% for MEI, which recently paid a dividend on 2024-07-12 with an ex-dividend date of 1720742400. Stock splits for the company last occurred on 2001-04-30 when the company split stock in a 10000:3742 ratio.
