Mestek (OTCMKTS:MCCK) Trading Down 0.8% – Here’s Why

Mestek Inc. (OTCMKTS:MCCK)’s stock price dropped 0.8% on Tuesday . The company traded as low as $65.50 and last traded at $65.50. Approximately 1,025 shares changed hands during mid-day trading, an increase of 412% from the average daily volume of 200 shares. The stock had previously closed at $66.00.

Mestek Stock Up 7.1%

The company’s 50-day moving average is $65.28 and its two-hundred day moving average is $56.42. The company has a market cap of $513.40 million, a P/E ratio of 6.33 and a beta of 0.53.

About Mestek

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.