Methode Electronics Makes a Move: Up 1.4%

Published on Wed, 06/03/2015 - 11:13
By Robert Cotter in Market movers, MEI, market movers, methode electronics, nyse:mei

Methode Electronics (NYSE:MEI) is one of today's notable stocks on the rise, up 1.4% to $47.93. The S&P is trading higher by 0.5% to 2,121 and the Dow is trading 0.8% higher to 18,161.

Methode Electronics, Inc. manufactures component devices worldwide. The Company's products are sold to original equipment manufacturers of information processing and networking equipment, voice and data communications systems, consumer electronics, automobiles, aerospace vehicles, and industrial equipment.

Methode Electronics share prices have moved between a 52-week high of $48.00 and a 52-week low of $30.80 and are now trading 56% above that low price at $47.93 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.22% higher over the past week, respectively.

Methode Electronics (NYSE:MEI) has potential upside of 1.7% based on a current price of $47.93 and analysts' consensus price target of $48.75. Methode Electronics shares have support at the 50-day moving average (MA) of $45.89 and additional support at the 200-day MA of $39.99.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

US Energy Wyoming: New 52-Week Low Set T...

Shares of US Energy Wyoming (NASDAQ:USEG) traded today at $0.37, breaking its 52-week l ...

Watch for Continued Losses in Shares of ...

Shares of Ultra Petroleum (NYSE:UPL) traded at a new 52-week low today of $11.11. So f ...

Watch for Continued Losses in Shares of ...

Shares of Tyco International (NYSE:TYC) traded today at $37.95, breaking its 52-week lo ...

Tata Motors: The Losing Streak Continues...

Tata Motors (NYSE:TTM) traded today at a new 52-week low of $33.75. Approximately 763, ...

Shares of Tenaris Fall Below Previous 52...

Shares of Tenaris (NYSE:TS) traded at a new 52-week low today of $25.35. Approximately ...

Recent 52-Week Low Surpassed in Shares o...

Shares of TransCanada (NYSE:TRP) traded today at $39.68, breaking its 52-week low. App ...

Watch for Continued Gains in Shares of T...

Shares of Tempur-Pedic International (NYSE:TPX) traded at a new 52-week high today of $ ...

Timken Looks to Continue to Trade Below ...

Timken (NYSE:TKR) traded at a new 52-week low today of $35.61. Approximately 159,000 s ...