MEI Stock Summary and Trading Ideas (Methode Electronics | NYSE:MEI)

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized into various business segments: Automotive, Industrial, Interface, and Medical. The Automotive segment which generates maximum revenue, supplies electronic and electro-mechanical devices and related products to automobiles. The products manufactured in the automotive segment include overhead and center consoles, hidden and ergonomic switches, insert molded components, LED-based lighting, and sensors. Geographically, the company generates maximum revenue from North America and the rest from Europe, the Middle East & Africa (EMEA), and Asia.

Methode Electronics trades on the NYSE stock market under the symbol MEI.

As of January 30, 2025, MEI stock price climbed to $12.00 with 181,900 million shares trading.

MEI has a beta of 2.35, meaning it tends to be more sensitive to market movements. MEI has a correlation of 0.14 to the broad based SPY ETF.

MEI has a market cap of $427.88 million. This is considered a Small Cap stock.

Last quarter Methode Electronics reported $293 million in Revenue and $.14 earnings per share. This beat revenue expectation by $24 million and exceeded earnings estimates by $.30.

In the last 3 years, MEI traded as high as $51.38 and as low as $8.54.

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

MEI has underperformed the market in the last year with a price return of -41.7% while the SPY ETF gained +24.7%. However, in the short term, MEI had mixed performance relative to the market. It has outperformed in the last 3 months, returning +31.5% vs +4.7% return in SPY. But in the last 2 weeks, MEI shares have been beat by the market, returning +0.2% compared to an SPY return of +2.3%.

MEI support price is $11.12 and resistance is $12.16 (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 MEI shares will trade within this expected range on the day.