Methode Electronics (NYSE:MEI) Shares Cross Above 200-Day Moving Average – Should You Sell?

Methode Electronics, Inc. (NYSE:MEI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.12 and traded as high as $12.38. Methode Electronics shares last traded at $11.89, with a volume of 461,631 shares trading hands.

Analyst Upgrades and Downgrades

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

Methode Electronics Stock Performance

The company has a quick ratio of 1.73, a current ratio of 2.75 and a debt-to-equity ratio of 0.46. The stock has a market cap of $423.78 million, a price-to-earnings ratio of -4.70 and a beta of 0.78. The company’s 50-day simple moving average is $11.52 and its 200-day simple moving average is $11.12.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Thursday, December 5th. The electronics maker reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the company earned $0.06 EPS. Analysts predict that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, January 17th. Methode Electronics’s dividend payout ratio (DPR) is -22.13%.

Institutional Trading of Methode Electronics

Institutional investors have recently bought and sold shares of the company. nVerses Capital LLC increased its stake in shares of Methode Electronics by 1,600.0% during the 3rd quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 3,200 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Methode Electronics by 4.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,971 shares of the electronics maker’s stock valued at $909,000 after purchasing an additional 3,288 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Methode Electronics by 3.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 155,508 shares of the electronics maker’s stock worth $1,610,000 after acquiring an additional 5,220 shares during the last quarter. Versor Investments LP grew its position in Methode Electronics by 16.9% in the 3rd quarter. Versor Investments LP now owns 38,100 shares of the electronics maker’s stock worth $456,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Methode Electronics by 5.3% during the third quarter. Empowered Funds LLC now owns 111,804 shares of the electronics maker’s stock valued at $1,337,000 after acquiring an additional 5,628 shares during the period. 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.