How Will the Market React to Methode Electronics Inc. (MEI) Stock Getting a Bullish Rating

Methode Electronics Inc. (MEI) stock has risen 8.40% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Methode Electronics Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MEI!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MEI Stock Today?

Methode Electronics Inc. (MEI) stock has gained 0.81% while the S&P 500 is lower by -0.95% as of 10:29 AM on Friday, Dec 2. MEI has gained $0.40 from the previous closing price of $49.06 on volume of 7,218 shares. Over the past year the S&P 500 has fallen -10.53% while MEI has gained 10.33%. MEI earned $2.52 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.63.

More About Methode Electronics Inc.

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention. Click Here to get the full Stock Report for Methode Electronics Inc. stock.