Mayville Engineering(MEC) Soars 2.72% on Q1 Earnings

Mayville Engineering(MEC) shares surged 2.72% today, marking the second consecutive day of gains, with a total increase of 14.79% over the past two days. The stock price reached its highest level since March 2025, with an intraday gain of 4.46%.

The strategy of buying MEC shares after they reached a recent high and holding for 1 week resulted in a significant loss. The annualized return was -14.5%, with a total loss of $2.8 million. This indicates that this strategy was not profitable, and investors would have incurred substantial losses over the past 5 years.

Mayville Engineering Co Inc reported a 12% sequential sales growth and margin expansion in Q1 2025, despite facing softer customer demand. This strong financial performance has likely contributed to the positive sentiment surrounding the stock.

The company has shown robust operational execution and secured significant new business wins. These achievements are expected to further enhance its financial performance, potentially driving the stock price higher.

Ancora Advisors LLC's purchase of 60,786 shares of Mayville Engineering indicates growing investor confidence in the company. This significant investment has likely played a role in the recent stock price increase, reflecting a positive outlook among investors.