Mestek (OTCMKTS:MCCK) Shares Gap Up – Here’s What Happened

Mestek Inc. (OTCMKTS:MCCK) shares gapped up prior to trading on Wednesday . The stock had previously closed at $68.00, but opened at $75.00. Mestek shares last traded at $75.00, with a volume of 150 shares changing hands.

Mestek Stock Up 10.3%

The company has a market cap of $566.25 million, a PE ratio of 6.87 and a beta of 0.57. The business has a 50-day simple moving average of $68.68 and a 200-day simple moving average of $62.29.

Mestek (OTCMKTS:MCCK) last posted its quarterly earnings data on Thursday, May 14th. The company reported $3.44 EPS for the quarter. The business had revenue of $101.91 million during the quarter.

Mestek Company Profile

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.