Methode Electronics (NYSE:MEI) Upgraded at Sidoti

Methode Electronics (NYSE:MEI) was upgraded by equities researchers at Sidoti from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat Ratings reports.

Separately, Robert W. Baird raised their price target on shares of Methode Electronics from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Friday, December 6th.

Methode Electronics Trading Up 0.0 %

MEI stock opened at $10.53 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average is $11.55 and its 200 day moving average is $10.96. The stock has a market cap of $375.29 million, a price-to-earnings ratio of -4.16 and a beta of 0.76. Methode Electronics has a 12-month low of $8.54 and a 12-month high of $21.86.

Methode Electronics (NYSE:MEI) last released its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.31. Methode Electronics had a negative net margin of 8.16% and a negative return on equity of 3.26%. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, sell-side analysts anticipate that Methode Electronics will post -0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Methode Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Methode Electronics by 8.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,139 shares of the electronics maker’s stock valued at $237,000 after buying an additional 1,513 shares during the last quarter. Quarry LP purchased a new stake in Methode Electronics during the 4th quarter worth about $32,000. Aviance Capital Partners LLC raised its stake in Methode Electronics by 5.2% in the 4th quarter. Aviance Capital Partners LLC now owns 56,594 shares of the electronics maker’s stock valued at $667,000 after purchasing an additional 2,781 shares during the last quarter. AlphaQuest LLC lifted its holdings in Methode Electronics by 196.8% in the 4th quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Virtus Fund Advisers LLC acquired a new stake in shares of Methode Electronics during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 95.49% of the company’s stock.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.