Methode Electronics’ (MEI) “Sell (D-)” Rating Reiterated at Weiss Ratings

Methode Electronics (NYSE:MEI)‘s stock had its “sell (d-)” rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other analysts also recently commented on the stock. Robert W. Baird boosted their price target on shares of Methode Electronics from $7.00 to $8.50 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Wall Street Zen upgraded shares of Methode Electronics from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $11.25.

Methode Electronics Trading Up 0.1%

Methode Electronics stock opened at $7.45 on Wednesday. Methode Electronics has a 52-week low of $5.08 and a 52-week high of $17.45. The firm has a market capitalization of $262.31 million, a price-to-earnings ratio of -4.81 and a beta of 1.09. The firm has a 50-day moving average price of $7.38 and a two-hundred day moving average price of $7.38. The company has a quick ratio of 1.63, a current ratio of 2.50 and a debt-to-equity ratio of 0.47.

Methode Electronics (NYSE:MEI) last released its quarterly earnings results on Tuesday, September 9th. The electronics maker reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.18. Methode Electronics had a negative net margin of 5.30% and a negative return on equity of 5.27%. The company had revenue of $240.50 million for the quarter, compared to the consensus estimate of $224.57 million. During the same period in the previous year, the firm earned ($0.31) EPS. Methode Electronics has set its FY 2026 guidance at EPS. Sell-side analysts expect that Methode Electronics will post -0.4 earnings per share for the current year.

Institutional Trading of Methode Electronics

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of Methode Electronics by 162.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 85,735 shares of the electronics maker’s stock worth $815,000 after purchasing an additional 53,027 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Methode Electronics by 72.4% during the second quarter. Bridgeway Capital Management LLC now owns 246,956 shares of the electronics maker’s stock valued at $2,349,000 after acquiring an additional 103,688 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Methode Electronics by 12.9% during the second quarter. Ameriprise Financial Inc. now owns 802,899 shares of the electronics maker’s stock valued at $7,636,000 after acquiring an additional 91,603 shares during the period. AQR Capital Management LLC raised its holdings in shares of Methode Electronics by 29.7% during the second quarter. AQR Capital Management LLC now owns 1,209,756 shares of the electronics maker’s stock valued at $11,505,000 after acquiring an additional 276,923 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Methode Electronics during the second quarter valued at approximately $179,000. 95.49% of the stock is currently owned by institutional investors.

Methode Electronics Company Profile

Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.