Mayville Engineering (MEC) to Release Earnings on Tuesday

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

Mayville Engineering Stock Performance

Shares of MEC stock traded down $0.11 during trading on Friday, reaching $14.86. 92,276 shares of the company's stock traded hands, compared to its average volume of 71,540. The firm's 50-day moving average is $15.60 and its 200 day moving average is $17.73. The company has a market capitalization of $306.83 million, a P/E ratio of 25.19 and a beta of 0.89. Mayville Engineering has a 1 year low of $11.81 and a 1 year high of $23.02. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MEC. Northland Securities lowered Mayville Engineering from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $30.00 to $20.00 in a report on Thursday, November 7th. Northland Capmk lowered Mayville Engineering from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 7th.

Mayville Engineering Company Profile

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.