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

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