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Mestek (OTCMKTS:MCCK) Trading Down 10.5% - Here's Why

Mestek logo with Construction background

Mestek, Inc. (OTCMKTS:MCCK - Get Free Report) shares were down 10.5% during trading on Friday . The stock traded as low as $32.00 and last traded at $32.00. Approximately 103 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 1,539 shares. The stock had previously closed at $35.75.

Mestek Trading Down 10.5 %

The stock's 50 day moving average price is $31.94 and its 200 day moving average price is $29.97. The company has a market cap of $241.28 million, a price-to-earnings ratio of 3.01 and a beta of 0.52.

Mestek (OTCMKTS:MCCK - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $4.78 earnings per share (EPS) for the quarter. The company had revenue of $101.83 million during the quarter.

About Mestek

(Get Free Report)

Mestek, Inc, together with its subsidiaries, manufactures and sells heating, ventilating, and air conditioning products and equipment; and metal forming equipment in the United States and internationally. The company offers equipment for heating, ventilation, and air conditioning primarily under the Lockformer, lowaPrecision, Engel, and Lion brands; roll forming and flexible fabrication equipment; metal stamping products, including uncoilers, straighteners, press feeds, and dies; and coil metal processing products, including cut-to-length, multi-blanking, and coil slitting and precision corrective levelers.

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