Mestek (OTCMKTS:MCCK) Shares Gap Down – Time to Sell?

Mestek Inc. (OTCMKTS:MCCKGet Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $76.50, but opened at $70.01. Mestek shares last traded at $75.50, with a volume of 300 shares trading hands.

Mestek Stock Performance

The firm has a fifty day simple moving average of $68.60 and a 200-day simple moving average of $62.07. The company has a market capitalization of $570.03 million, a PE ratio of 6.92 and a beta of 0.59.

Mestek (OTCMKTS:MCCKGet Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $3.44 earnings per share for the quarter. The company had revenue of $101.91 million for the quarter.

About Mestek

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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.

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