MAYVILLE ENGR C/SH (NYSE:MEC) Chairman Acquires $447,980.00 in Stock
MAYVILLE ENGR C/SH (NYSE:MEC) Chairman Robert D. Kamphuis bought 34,460 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $13.00 per share, with a total value of $447,980.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of MAYVILLE ENGR C/SH stock opened at $15.03 on Friday. MAYVILLE ENGR C/SH has a 52 week low of $11.95 and a 52 week high of $17.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.71 and a current ratio of 1.36.
MEC has been the subject of several recent research reports. UBS Group initiated coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set a “neutral” rating and a $17.00 price objective for the company. Robert W. Baird began coverage on MAYVILLE ENGR C/SH in a research note on Monday, June 3rd. They issued an “outperform” rating and a $19.00 price objective on the stock. Jefferies Financial Group began coverage on MAYVILLE ENGR C/SH in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Citigroup assumed coverage on MAYVILLE ENGR C/SH in a research report on Monday, June 3rd. They set a “buy” rating on the stock. Finally, William Blair assumed coverage on MAYVILLE ENGR C/SH in a report on Monday, June 3rd. They set an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. MAYVILLE ENGR C/SH presently has a consensus rating of “Buy” and an average target price of $18.00.
MAYVILLE ENGR C/SH Company Profile
There is no company description available for Mayville Engineering Company Inc
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for MAYVILLE ENGR C/SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MAYVILLE ENGR C/SH and related companies with MarketBeat.com's FREE daily email newsletter.