MEC Stock Summary and Trading Ideas (Mayville Engineering Company | NYSE:MEC)

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, power sports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services.

Mayville Engineering Company trades on the NYSE stock market under the symbol MEC.

As of December 13, 2024, MEC stock price declined to $17.17 with 119,107 million shares trading.

MEC has a beta of 0.04, meaning it tends to be less sensitive to market movements. MEC has a correlation of 0.00 to the broad based SPY ETF.

MEC has a market cap of $354.46 million. This is considered a Small Cap stock.

Last quarter Mayville Engineering Company reported $135 million in Revenue and $.21 earnings per share. This fell short of revenue expectation by $-22 million and met earnings estimates .

In the last 3 years, MEC traded as high as $23.02 and as low as $5.95.

The top ETF exchange traded funds that MEC belongs to (by Net Assets): VTI, IWM, VXF, DWAS, AVUV.

MEC has outperformed the market in the last year with a price return of +31.7% while the SPY ETF gained +29.9%. However, in the short term, MEC had mixed performance relative to the market. It has underperformed in the last 3 months, returning -10.7% vs +7.8% return in SPY. But in the last 2 weeks, MEC shares have fared better than the market returning +1.9% compared to SPY +0.3%.

MEC support price is $16.93 and resistance is $17.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MEC shares will trade within this expected range on the day.