Methode Electronics (NYSE:MEI) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Monday, TheStreetRatingsTable reports.

Several other brokerages have also issued reports on MEI. Zacks Investment Research raised Methode Electronics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 24th. ValuEngine raised Methode Electronics from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.00.

NYSE MEI opened at $28.17 on Monday. Methode Electronics has a fifty-two week low of $21.76 and a fifty-two week high of $41.70. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.96 and a current ratio of 3.74. The stock has a 50 day simple moving average of $29.44 and a two-hundred day simple moving average of $29.25. The stock has a market cap of $1.06 billion, a P/E ratio of 9.24 and a beta of 1.24.

Methode Electronics (NYSE:MEI) last released its quarterly earnings data on Thursday, September 3rd. The electronics maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.28. Methode Electronics had a return on equity of 14.14% and a net margin of 12.26%. The business had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $174.30 million. During the same quarter last year, the business posted $0.75 EPS. The business’s revenue was down 29.3% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its position in shares of Methode Electronics by 31.3% during the first quarter. First Trust Advisors LP now owns 55,130 shares of the electronics maker’s stock worth $1,587,000 after buying an additional 13,131 shares in the last quarter. UBS Group AG increased its position in shares of Methode Electronics by 4.8% in the first quarter. UBS Group AG now owns 54,505 shares of the electronics maker’s stock valued at $1,440,000 after buying an additional 2,472 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Methode Electronics by 33.9% in the first quarter. Victory Capital Management Inc. now owns 40,199 shares of the electronics maker’s stock valued at $1,062,000 after buying an additional 10,167 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Methode Electronics in the first quarter valued at $347,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Methode Electronics by 130.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 50,437 shares of the electronics maker’s stock valued at $1,333,000 after buying an additional 28,517 shares in the last quarter. 93.69% of the stock is owned by institutional investors.

About Methode Electronics

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.

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