Method Electronics (MEI) In Focus: Stock Moves 5.9% Higher

Method Electronics, Inc. MEI was a big mover last session, as the company saw its shares rise almost 6% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $28.02 to $29.91 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate also remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Method Electronics has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%. 

A better-ranked stock in the Electrical Connectors industry is EnSync, Inc. ESNC sporting a Zacks Rank #2 (Buy).

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