Mestek (OTCMKTS:MCCK) Shares Gap Down – Here’s Why

Mestek Inc. (OTCMKTS:MCCKGet Free Report)’s stock price 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.

Mestek Stock Down 0.7%

The stock has a market cap of $573.80 million, a price-to-earnings ratio of 6.97 and a beta of 0.59. The stock’s 50 day moving average price is $67.98 and its two-hundred day moving average price is $61.56.

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