Mestek (OTCMKTS:MCCK) Trading Down 10.5% – Should You Sell?

Mestek, Inc. (OTCMKTS:MCCK)’s stock price dropped 10.5% on Friday . The stock traded as low as $32.00 and last traded at $32.00. Approximately 103 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,539 shares. The stock had previously closed at $35.75.

Mestek Price Performance

The stock has a market cap of $241.28 million, a price-to-earnings ratio of 3.01 and a beta of 0.52. The firm has a 50 day simple moving average of $31.94 and a two-hundred day simple moving average of $29.97.

Mestek (OTCMKTS:MCCK) last posted its earnings results on Thursday, November 7th. The company reported $4.78 earnings per share (EPS) for the quarter. The business had revenue of $101.83 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.