Shares are trading at $46.05 which is slightly above the 50 day moving average of $42.07 and significantly higher than the 200 day moving average of $41.08. The 50 day moving average moved up $3.98 whereas the 200 day average was up by +12.10%. Methode Electronics, Inc. shares had a trading volume of 3,917 on Tuesday. Overall, volume was down 98.65% under the stocks normal daily volume.
Investors are more bullish on the company recently if you put credence in the downtick in short interest. The stock realized a fall in short interest of -0.10% between September 15, 2017 and September 29, 2017. Short shares fell from 631,610 to 630,977 over that timeframe. The days to cover decreased to 3.0 and the short interest percentage is 0.02% as of September 29.
These funds have shifted positions in (MEI). As of the end of the quarter Dubuque Bank & Trust Co had bought a total of 174 shares growing its position 3.6%. The value of the total investment in Methode Electronics, Inc. increased from $199,000 to $212,000 increasing 6.5% for the reporting period. As of quarter end Nisa Investment Advisors, LLC had disposed of 4,900 shares trimming its holdings by 42.0%. The value of the investment in MEI went from $469,000 to $287,000 a change of 38.8% since the last quarter.
Meeder Asset Management Inc grew its investment by buying 128 shares an increase of 14.7% in the quarter. Meeder Asset Management Inc owns 1,000 shares valued at $42,000. The value of the position overall is up by 16.7%. Rnc Capital Management LLC cut its stake by selling 200 shares a decrease of 3.2%. Rnc Capital Management LLC claims 6,073 shares with a value of $257,000. The total value of its holdings decreased 0.4%.
The company is unchanged by 0.00% percent from yesterday’s close. Additionally the company recently announced a dividend which will be paid on Friday the 27th of October 2017. The dividend will be $0.090 per share for the quarter or $0.36 annualized. The dividend yield will be $0.79. The ex-dividend date is set for Thursday the 12th of October 2017.
The P/E ratio is 18.72 and the market cap is 1.70B. As of the last earnings report the EPS was $2.46 and is expected to be $2.58 for the current year with 36,810,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.62 and the next full year EPS is projected to be $2.92.
Methode Electronics, Inc. (Methode), launched on April 27, 1966, is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other. The Company has manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore, Switzerland, the United Kingdom and the United States. The Business’s components are found in end markets of the aerospace, appliance, automotive, battery storage, construction, consumer and industrial equipment, communications (including information processing and storage, medical device, networking equipment, wireless and terrestrial voice/data systems), rail and other transportation industries..