Mayville Engineering Company, Inc. (MEC) Stock: Is This Service Stock Worth Your Time?


Mayville Engineering Company, Inc. (MEC) is headed up in the market in today’s trading session. The stock, one that is focused in the service industry, is currently trading at $13.36 after climbing 10.23% so far today. When it comes to service companies, there are several aspects that have the potential to generate price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around MEC:

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Jun-12-19 08:30AM Mayville Engineering Company, Inc. Announces Management Promotions
Jun-06-19 05:00PM MEC Named Top U.S. Fabricator for Ninth Consecutive Year
May-28-19 06:00PM Mayville Engineering Company, Inc. Announces First Quarter 2019 Results
May-22-19 04:34PM Mayville Engineering Company, Inc. Announces First Quarter 2019 Earnings Release and Conference Call Information
May-10-19 06:51AM ‘We have a little bit of a shareholder baby-boomer repurchase obligation’: Mayville CEO on its IPO

Nonetheless, any time investors are making a decision with regard to investing, investors should take a look at much more than just news, this is especially the case in the ever complex service industry. Here’s what’s happing when it comes to Mayville Engineering Company, Inc..

How MEC Has Been Trending

While a move up in a single session, like what we’re seeing from Mayville Engineering Company, Inc. may lead to fear in some investors, a single session fall by itself should not be the reason for a decision to, or not to, invest in a stock. It’s generally a good idea to dig into trends experienced by the stock further out than a single session. In the case of MEC, below are the returns that we’ve seen:

  • Past 5 Sessions – In the past 7 days, MEC has produced a change in price in the amount of -16.45%.
  • Monthly – The ROI from Mayville Engineering Company, Inc. over the last 30 days works out to -16.76%.
  • Past Quarter – Over the past quarter, the stock has generated a ROI of 0
  • Past 6 Months – Throughout the previous six months, we have seen a performance that works out to 0 from the stock.
  • Year To Date – Since the the last trading session of last year MEC has generated a return on investment of -18.88%.
  • Full Year – Lastly, in the past full year, we have seen a change in the amount of 0 out of MEC. Over this period of time, the stock has sold at a high of -23.22% and a low price of 11.80%.

Ratios That Are Notable

Digging into various ratios associated with a stock generally gives traders an understanding of just how dangerous and/or rewarding a an investment option may be. Below are a few of the important ratios to consider when looking at MEC.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. The higher this short ratio, the more investors believe that the stock is headed for the top. Throughout the sector, strong service stocks tend to come with a lower short ratio. On the other hand, we also tend to see quite a few short squeezes in the space. Nonetheless, in relation to Mayville Engineering Company, Inc., the stock’s short ratio comes to 0.12.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Essentially, they measure whether or not a company can cover its debts when they come due based on quick assets or current assets. come with great quick and current ratios. As far as MEC, the quick and current ratios work out to 0 and 0 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this particular case, the book to share value ratio equates to -2.11.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. When it comes to MEC, the cash to share value ratio works out to 0.00.

Smart Money Follows Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MEC, here’s what we’re seeing:

  • Institutions – Currently, institutions own 0 of Mayville Engineering Company, Inc.. On the other hand, it’s important to note that institutional ownership has seen a move of 0 over the past quarter.
  • Insider Moves – with regard to insiders, members of the management team and others close to MEC currently own 0.20% of the company. Insider ownership of the company has moved 0 in the past 3 months.

What Analysts Say About Mayville Engineering Company, Inc.

While it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to consider their opinions in order to validate your own thoughts before making an investment decision in the service space. Below are the most recent moves that we have seen from analysts with regard to MEC.

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Jun-03-19 Initiated William Blair Outperform
Jun-03-19 Initiated UBS Neutral $17
Jun-03-19 Initiated Robert W. Baird Outperform $19
Jun-03-19 Initiated Jefferies Buy $24
Jun-03-19 Initiated Citigroup Buy

Financial Results And Expectations

What have ween seen from MEC in terms of financial results?Here’s the information:

  • Analyst Expectations – Currently, analysts expect that the company will create EPS that comes to 1.31, with -0.05 being announced in the earnings announcement for the current quarter. Although this information isn’t earnings driven, because we are chatting on the topic of Wall St. analysts, Mayville Engineering Company, Inc. is presently rated a 0 considering a scale that ranges from 1 to 5 on which 1 is the worst possible Wall Street analyst rating and 5 is the best rating.
  • 5-Year Sales – Throughout the last 5 years, Mayville Engineering Company, Inc. has announced a change in sales that comes to a total of 0. Earnings through the period have generated a change of 0.
  • Q/Q – In terms of quarter over quarter earnings performance, or Q/Q data as it is often referred to as in the human world, the company has created a change in earnings in the amount of -44.50%. Mayville Engineering Company, Inc. has also experienced movement with regard to revenue in the amount of 64.80%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 20.94M shares of Mayville Engineering Company, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, MEC has a float of 19.81M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to MEC, the short percent of the float is 0.14%.

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