Mayville Engineering Company Inc (NYSE:MEC) Dips To New 52 Week Low

MEC
MEC

Mayville Engineering Company Inc (NYSE:MEC)

June 11th, 2019

Amidst falling markets Mayville Engineering Company Inc finished Tuesday’s trading session down 11.34%, a ($1.55) decrease to close on $12.12. As well as the drop in value, Mayville Engineering Company Inc hit a new 52 week low of $11.95, breaking the previous low of $13.38 from earlier this month.

MEC was outperformed by the rest of the Materials sector which went down only -0.07%.

Expectations from 4 analysts indicates that Mayville Engineering Company Inc could increase significantly (56.86%), while Finbox has calculated (with very high uncertainty) a fair value price of $13.99.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Consumer Staples saw the biggest increase of the day (0.41%), while the Industrials sector saw the biggest drop (-0.90%). Information Technology has seen the biggest year-to-date gain of 23.75%.

Industrials and Utilities experienced turn-arounds from their five day positive performances with Industrials dropping -0.90%.

Sector Breakdown

  • Consumer Staples, up 0.41%.
  • Consumer Discretionary, up 0.33%.
  • Communication Services, up 0.29%.
  • Real Estate, up 0.18%.
  • Energy, up 0.12%.
  • Information Technology, up 0.02%.
  • Financials, stayed even 0.00%.
  • Materials, down -0.07%.
  • Healthcare, down -0.25%.
  • Utilities, down -0.69%.
  • Industrials, down -0.90%.

Mayville Engineering Company Inc Info

Mayville Engineering Company, Inc. operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers; and manufactures stamped and fabricated metal products. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.

All amounts in USD unless otherwise indicated

MEC daily update
MEC daily update

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