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.
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%.
- 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
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