MAYVILLE ENGR C/SH’s (NYSE:MEC) quiet period is set to expire on Tuesday, June 18th. MAYVILLE ENGR C/SH had issued 6,250,000 shares in its initial public offering on May 9th. The total size of the offering was $106,250,000 based on an initial share price of $17.00. During MAYVILLE ENGR C/SH’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

MEC has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “buy” rating for the company. Citigroup initiated coverage on shares of MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “buy” rating for the company. UBS Group initiated coverage on shares of MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued a “neutral” rating and a $17.00 price objective for the company. William Blair initiated coverage on shares of MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating for the company. Finally, Robert W. Baird initiated coverage on shares of MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $18.00.

Shares of MAYVILLE ENGR C/SH stock opened at $13.36 on Thursday. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.36 and a quick ratio of 0.71. MAYVILLE ENGR C/SH has a 12-month low of $11.95 and a 12-month high of $17.40.

In other news, Director Timothy L. Christen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $85,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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MAYVILLE ENGR C/SH Company Profile

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