Mestek (OTCMKTS:MCCK) Shares Gap Down – Should You Sell?

Mestek Inc. (OTCMKTS:MCCK – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $73.50, but opened at $70.00. Mestek shares last traded at $70.00, with a volume of 100 shares changing hands.

Mestek Price Performance

The company has a 50-day moving average price of $66.86 and a 200 day moving average price of $60.62. The firm has a market capitalization of $528.22 million, a PE ratio of 6.42 and a beta of 0.59.

Mestek (OTCMKTS:MCCK – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $3.44 EPS for the quarter. The business had revenue of $101.91 million during the quarter.

About Mestek

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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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