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

Mestek Inc. (OTCMKTS:MCCK) gapped down before the market opened on Monday . The stock had previously closed at $70.00, but opened at $67.06. Mestek shares last traded at $68.03, with a volume of 512 shares.

Mestek Stock Performance

The business’s fifty day simple moving average is $66.84 and its 200-day simple moving average is $59.90. The firm has a market capitalization of $528.50 million, a PE ratio of 6.02 and a beta of 0.59.

Mestek (OTCMKTS:MCCK) last posted its earnings results on Monday, April 13th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $111.35 million during the quarter.

About Mestek

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.