Methode Electronics (NYSE:MEI) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Methode Electronics, Inc. (NYSE:MEI - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.01 and traded as high as $11.25. Methode Electronics shares last traded at $11.16, with a volume of 549,423 shares traded.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price objective on shares of Methode Electronics from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Friday, December 6th.

Methode Electronics Stock Down 2.4 %

The stock has a market cap of $389.73 million, a PE ratio of -4.32 and a beta of 0.78. The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $11.01. The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.46.

Methode Electronics (NYSE:MEI - Get Free Report) last released its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. During the same period last year, the firm posted $0.06 EPS. Equities research analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.12%. Methode Electronics's dividend payout ratio (DPR) is currently -22.13%.

Institutional Investors Weigh In On Methode Electronics

A number of institutional investors have recently modified their holdings of the business. nVerses Capital LLC boosted its position in Methode Electronics by 1,600.0% during the third quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker's stock worth $41,000 after purchasing an additional 3,200 shares in the last quarter. CWM LLC lifted its position in shares of Methode Electronics by 685.1% during the 3rd quarter. CWM LLC now owns 8,730 shares of the electronics maker's stock valued at $104,000 after buying an additional 7,618 shares in the last quarter. Quest Partners LLC grew its stake in Methode Electronics by 17.1% in the 2nd quarter. Quest Partners LLC now owns 12,062 shares of the electronics maker's stock valued at $125,000 after acquiring an additional 1,758 shares during the period. Diversified Trust Co acquired a new stake in Methode Electronics in the 4th quarter valued at $126,000. Finally, Pinnacle Associates Ltd. purchased a new stake in Methode Electronics in the 3rd quarter worth $132,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

About Methode Electronics

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.