Mestek (OTCMKTS:MCCK) Shares Down 1.5% – Time to Sell?

Mestek Inc. (OTCMKTS:MCCK) shares traded down 1.5% on Friday. The stock traded as low as $61.30 and last traded at $64.00. 1,275 shares traded hands during mid-day trading, an increase of 688% from the average session volume of 162 shares. The stock had previously closed at $65.00.

Mestek Stock Down 1.5%

The stock has a market capitalization of $483.20 million, a P/E ratio of 55.17 and a beta of 0.57. The stock’s 50 day moving average price is $65.09 and its 200-day moving average price is $67.71.

Mestek (OTCMKTS:MCCK) last posted its earnings results on Friday, August 14th. The company reported ($5.41) earnings per share for the quarter. The business had revenue of $106.14 million during the quarter.

Mestek Company Profile

Mestek, Inc is a manufacturer of heating, ventilation and air-conditioning (HVAC) equipment and related products. The company supplies air-distribution systems, dampers, louvers, grilles, registers, heating equipment, ventilation products and HVAC control systems for commercial, industrial, institutional and residential applications.

Mestek also produces metal-forming machinery and equipment used in the fabrication of ductwork and other sheet-metal components. Its product portfolio is marketed through a range of specialized brands and serves contractors, engineers, distributors, building owners and original equipment manufacturers.

Founded in 1946, Mestek is headquartered in Westfield, Massachusetts.