Over the past 6 months, one company that has been steadily rising is a little-known manufacturer named Methode Electronics, Inc. (MEI). Over this time period, the company has seen its share price jump over 95%. Most recently, Methode exceeded both the top and the bottom lines of its quarterly expectations set by analysts. The 60% earnings surprise helped to further propel the company higher.
Understanding The Business
Methode Electronics is a global manufacturer of component and subsystem devices. The company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. These devices are often found in the primary end markets of the aerospace, appliance, automotive, construction and...
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