Methode Electronics Inc. (NYSE:MEI) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $36.90 and last traded at $36.80, with a volume of 4439 shares traded. The stock had previously closed at $37.50.

Several analysts recently issued reports on the company. TheStreet upgraded Methode Electronics from a “c+” rating to a “b+” rating in a research report on Monday, July 2nd. ValuEngine cut Methode Electronics from a “hold” rating to a “sell” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research upgraded Methode Electronics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Methode Electronics presently has an average rating of “Buy” and an average price target of $48.00.

The company has a quick ratio of 3.18, a current ratio of 3.83 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.42 billion, a PE ratio of 12.53 and a beta of 1.03.

Methode Electronics (NYSE:MEI) last released its earnings results on Thursday, August 30th. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.03. Methode Electronics had a return on equity of 18.93% and a net margin of 6.49%. The firm had revenue of $223.40 million during the quarter, compared to analysts’ expectations of $230.69 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. analysts expect that Methode Electronics Inc. will post 2.9 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Investors of record on Friday, October 12th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, October 11th. Methode Electronics’s dividend payout ratio is currently 14.67%.

In related news, Director Isabelle C. Goossen sold 2,500 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $39.32, for a total transaction of $98,300.00. Following the completion of the sale, the director now owns 40,450 shares in the company, valued at $1,590,494. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MEI. Wells Fargo & Company MN grew its holdings in Methode Electronics by 0.7% during the 1st quarter. Wells Fargo & Company MN now owns 321,862 shares of the electronics maker’s stock valued at $12,585,000 after buying an additional 2,172 shares in the last quarter. Rhumbline Advisers grew its holdings in Methode Electronics by 21.1% during the 1st quarter. Rhumbline Advisers now owns 110,284 shares of the electronics maker’s stock valued at $4,312,000 after buying an additional 19,242 shares in the last quarter. SG Americas Securities LLC grew its holdings in Methode Electronics by 19.9% during the 1st quarter. SG Americas Securities LLC now owns 15,171 shares of the electronics maker’s stock valued at $593,000 after buying an additional 2,522 shares in the last quarter. State of Wisconsin Investment Board grew its holdings in Methode Electronics by 10.8% during the 1st quarter. State of Wisconsin Investment Board now owns 174,000 shares of the electronics maker’s stock valued at $6,803,000 after buying an additional 17,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Methode Electronics by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 256,877 shares of the electronics maker’s stock valued at $10,044,000 after buying an additional 18,949 shares in the last quarter. Institutional investors and hedge funds own 94.65% of the company’s stock.

About Methode Electronics (NYSE:MEI)

Methode Electronics, Inc designs, manufactures, and markets component and subsystem devices worldwide. The company operates through four segments: Automotive, Interface, Power Products, and Other. The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.

Recommended Story: Average Daily Trade Volume – ADTV

Receive News & Ratings for Methode Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics and related companies with MarketBeat.com's FREE daily email newsletter.