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Methode Electronics, Inc. (MEI) designs, manufactures, and markets component and subsystem devices in the United States and internationally.
The company operates through Automotive, Interface, Power Products, and Other segments.
The Automotive segment offers electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead frames, and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The
Interface segment provides various copper and fiber-optic interface and interface solutions for the aerospace, appliance, commercial food service, computer, construction, consumer, material handling, medical, military, mining, networking, point-of-sale, storage, and telecommunications markets. Its solutions consist of conductive polymers, connectors, custom cable assemblies, industrial safety radio remote controls, optical and copper transceivers, and solid-state field effect consumer touch panels; and services include the design and installation of fiber optic and copper infrastructure systems, and manufacturing active and passive optical components.
The Power Products segment manufactures braided flexible cables, current-carrying laminated bus bars and devices, custom power-product assemblies, high-current low voltage flexible power cabling systems, and powder coated bus bars that are used in various markets and applications, including aerospace, computers, industrial and power conversion, military, telecommunications, and transportation.
The Other segment offers medical devices, inverters and battery systems, and insulated gate bipolar transistor solutions.
Shares have formed a bullish "double bottom" and higher share prices are expected. Note that the formation is supported by the stock's 30-day moving average. Higher share prices are expected.
52-Weesk Trading Range: $27.10 - $46.40
Entry Point: $45.00
Stop Loss: $42.75
Target Price: $49.50
MEI closed at $40.
