Methode Electronics Inc (NYSE: MEI) has reported E.P.S. of $-0.05 for its second fiscal quarter (ending October 31) versus $-1.55 for the same period a year ago. For the latest four quarters through October 31, E.P.S. were $-2.52 compared to $-0.73 a year ago.
Recent Price Action
Methode Electronics Inc (NYSE: MEI) stock closed at $14.02 on 12/5/24 after a major increase of 20.8%. Moreover, exceptionally high trading volume at 451% of normal accompanied the advance. The stock has risen 30.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Methode Electronics has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Methode Electronics has a good Appreciation Score of 80 but a slightly negative Power Rating of 33, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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