Mestek (OTCMKTS:MCCK) Shares Gap Up – Time to Buy?

Mestek Inc. (OTCMKTS:MCCKGet Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $66.00, but opened at $71.00. Mestek shares last traded at $67.00, with a volume of 938 shares changing hands.

Mestek Stock Performance

The stock has a fifty day simple moving average of $67.07 and a 200-day simple moving average of $68.22. The stock has a market cap of $505.85 million, a P/E ratio of 57.76 and a beta of 0.57.

Mestek (OTCMKTS:MCCKGet Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($5.41) EPS for the quarter. The firm had revenue of $106.14 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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