Methode Electronics (NYSE:MEI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Methode Electronics, Inc. (NYSE:MEI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.38 and traded as high as $8.37. Methode Electronics shares last traded at $8.02, with a volume of 343,638 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Robert W. Baird upped their price target on Methode Electronics from $7.00 to $8.50 and gave the company 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 note on Saturday, August 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Methode Electronics in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $11.25.

Methode Electronics Stock Down 1.6%

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.63 and a current ratio of 2.50. The firm has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $7.38. The stock has a market cap of $282.36 million, a P/E ratio of -5.17 and a beta of 1.09.

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

Methode Electronics Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Monday, July 21st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, July 21st. Methode Electronics’s dividend payout ratio (DPR) is currently -18.06%.

Institutional Investors Weigh In On Methode Electronics

A number of institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Methode Electronics by 93.8% during the 1st quarter. AQR Capital Management LLC now owns 932,833 shares of the electronics maker’s stock valued at $5,951,000 after purchasing an additional 451,529 shares during the period. Deutsche Bank AG lifted its holdings in shares of Methode Electronics by 33.0% in the first quarter. Deutsche Bank AG now owns 364,666 shares of the electronics maker’s stock valued at $2,327,000 after buying an additional 90,558 shares during the period. Nuveen LLC bought a new position in Methode Electronics during the first quarter valued at about $2,379,000. Graham Capital Management L.P. grew its holdings in Methode Electronics by 88.8% during the first quarter. Graham Capital Management L.P. now owns 93,779 shares of the electronics maker’s stock worth $598,000 after acquiring an additional 44,100 shares during the period. Finally, Cerity Partners LLC acquired a new position in Methode Electronics during the first quarter worth about $79,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

About Methode Electronics

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.