Methode Electronics, Inc. (NYSE:MEI) PEG Ratio At 1.01

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Market experts has given a mean price target of $42.38 to Methode Electronics, Inc. (NYSE:MEI) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.53 for the near-term quarter and $2.30 for this year.

Technical View

The technical assessment of Methode Electronics, Inc. Commo pinpoints that the 50-day moving average of Methode Electronics, Inc. (NYSE:MEI) stock is $35.66, and is trading $-1.32 points away or -3.71% from 50-day moving average of $35.66. It is trading $2.83 or +8.97% off 200-day MA of $31.51.

The 52-week high of Methode Electronics, Inc. (NYSE:MEI) was $37.25 while $23.83 is the low point in the same period. Methode Electronics, Inc. Commo share price has to rise more than $-2.91 to register a high for 52-weeks or drop +44.10% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Methode Electronics, Inc. (NYSE:MEI) P/E ratio is 15.84 while PEG ratio is at 1.01. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Methode Electronics, Inc. Commo stock recorded a close of $34.34 in last trading session, which brings it market cap to $1.27B.

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