Insider Transaction Update on Shares of Methode Electronics, Inc. (NYSE:MEI)

Corporate insiders at Methode Electronics, Inc. (NYSE:MEI) have decreased their position in the stock by -51.40% over the past 6 months. Insiders now own 0.30% of total outstanding shares.

TECHNICAL INDICATORS

Methode Electronics, Inc. (NYSE:MEI) stands -6.52% away from its 50-day simple moving average and also -1.65% away from the 200-day average.  Recently, the equity stands -15.73% away from the 52-week high and 38.85% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 36.04.

RECOMMENDATIONS

The consensus analysts recommendation at this point stands at 2.00 for Methode Electronics, Inc..  This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Further, analysts have a 12 month target price of $48.00 on company shares.  This is according to the analysts polled by Thomson Reuters which have recently published research reports on the firm. 

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