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Methode Electronics, Inc. (NYSE: MEI) closed the day trading at $10.54 up 0.48% from the previous closing price of $10.49. In other words, the price has increased by $0.48 from its previous closing price. On the day, 0.83 million shares were traded. MEI stock price reached its highest trading level at $10.555 during the session, while it also had its lowest trading level at $10.15.
Ratios:
For a better understanding of MEI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 30.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.35. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.42.
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:
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 Sep 23 ’24 when LINDSEY MARY A bought 8,800 shares for $11.38 per share. The transaction valued at 100,108 led to the insider holds 25,970 shares of the business.
Blom David P bought 9,320 shares of MEI for $100,749 on Sep 18 ’24. The Director now owns 37,531 shares after completing the transaction at $10.81 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 371483360 and an Enterprise Value of 584620672. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 0.54 whereas that against EBITDA is 12.386.
Stock Price History:
Over the past 52 weeks, MEI has reached a high of $26.02, while it has fallen to a 52-week low of $8.54. The 50-Day Moving Average of the stock is -2.08%, while the 200-Day Moving Average is calculated to be -24.55%.
Shares Statistics:
Over the past 3-months, MEI traded about 515.70K shares per day on average, while over the past 10 days, MEI traded about 423940 shares per day. A total of 35.30M shares are outstanding, with a floating share count of 32.76M. Insiders hold about 7.05% of the company’s shares, while institutions hold 97.12% stake in the company. Shares short for MEI as of 1726185600 were 1761113 with a Short Ratio of 3.41, compared to 1723680000 on 2341269. Therefore, it implies a Short% of Shares Outstanding of 1761113 and a Short% of Float of 7.049999999999999.
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 0.053384177The stock’s 5-year Average Dividend Yield is 1.82.
