Methode Electronics (NYSE:MEI) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Methode Electronics, Inc. (NYSE:MEI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.01 and traded as high as $11.25. Methode Electronics shares last traded at $11.16, with a volume of 549,423 shares.

Analyst Upgrades and Downgrades

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

Methode Electronics Stock Down 2.4 %

The stock’s fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $11.01. The stock has a market capitalization of $389.73 million, a P/E ratio of -4.32 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.73 and a current ratio of 2.75.

Methode Electronics (NYSE:MEI) last posted its quarterly earnings data on Thursday, December 5th. The electronics maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.31. Methode Electronics had a negative return on equity of 3.26% and a negative net margin of 8.16%. During the same period last year, the company earned $0.06 EPS. As a group, research analysts expect that Methode Electronics, Inc. will post -0.4 EPS for the current fiscal year.

Methode Electronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.12%. The ex-dividend date of this dividend is Friday, January 17th. Methode Electronics’s dividend payout ratio (DPR) is presently -22.13%.

Institutional Investors Weigh In On Methode Electronics

Hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC increased its stake in Methode Electronics by 1,600.0% during the 3rd quarter. nVerses Capital LLC now owns 3,400 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 3,200 shares in the last quarter. CWM LLC raised its holdings in shares of Methode Electronics by 685.1% in the 3rd quarter. CWM LLC now owns 8,730 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 7,618 shares during the last quarter. Diversified Trust Co bought a new position in Methode Electronics in the 4th quarter valued at about $126,000. Pinnacle Associates Ltd. acquired a new position in Methode Electronics during the 3rd quarter valued at about $132,000. Finally, Quest Partners LLC increased its holdings in Methode Electronics by 17.1% during the 2nd quarter. Quest Partners LLC now owns 12,062 shares of the electronics maker’s stock worth $125,000 after purchasing an additional 1,758 shares in the last quarter. 95.49% of the stock is owned by institutional investors.

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.