Mestek Inc. (OTCMKTS:MCCK – Get Free Report) dropped 7.8% on Thursday . The company traded as low as $69.05 and last traded at $69.05. Approximately 789 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 876 shares. The stock had previously closed at $74.90.
Mestek Trading Down 7.9%
The stock’s 50 day moving average is $69.03 and its two-hundred day moving average is $62.66. The stock has a market capitalization of $521.33 million, a price-to-earnings ratio of 6.33 and a beta of 0.57.
Mestek (OTCMKTS:MCCK – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $3.44 earnings per share for the quarter. The company had revenue of $101.91 million during the quarter.
Mestek Company Profile
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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