According to Zacks, “Mayville Engineering Company Inc. provides prototyping and tooling, production fabrication, coating, assembly and aftermarket services. It serves heavy and medium duty commercial vehicle, construction, powersports, agriculture, military and other end markets. The company also provides engineering and development services. It offers conventional and CNC stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services. Mayville Engineering Company Inc. is based in Wisconsin, United States. “
NYSE:MEC opened at $9.19 on Thursday. The company’s 50-day moving average price is $10.25 and its 200-day moving average price is $12.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.87 and a quick ratio of 1.07. Mayville Engineering has a twelve month low of $7.70 and a twelve month high of $17.40.
In related news, Director Jay O. Rothman purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average price of $9.79 per share, with a total value of $97,900.00. Also, Director Timothy L. Christen purchased 12,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was bought at an average cost of $10.12 per share, with a total value of $126,500.00. Over the last 90 days, insiders have bought 60,000 shares of company stock worth $558,225.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEC. Squarepoint Ops LLC grew its holdings in Mayville Engineering by 5.6% in the 3rd quarter. Squarepoint Ops LLC now owns 28,821 shares of the company’s stock valued at $380,000 after buying an additional 1,526 shares in the last quarter. State Street Corp grew its holdings in shares of Mayville Engineering by 9.2% in the third quarter. State Street Corp now owns 69,712 shares of the company’s stock valued at $920,000 after purchasing an additional 5,891 shares during the period. Bailard Inc. acquired a new stake in Mayville Engineering during the third quarter worth about $148,000. Cubist Systematic Strategies LLC acquired a new stake in Mayville Engineering during the second quarter worth about $288,000. Finally, Pentwater Capital Management LP purchased a new position in Mayville Engineering during the second quarter worth about $1,242,000. 29.69% of the stock is currently owned by institutional investors.
About Mayville Engineering
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.
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