Montrose Environmental Group Inc. (MEG) market price of $28.90 offers the impression of an exciting value play

Montrose Environmental Group Inc. (MEG) is priced at $28.90 after the most recent trading session. At the very opening of the session, the stock price was $29.91 and reached a high price of $29.93, prior to closing the session it reached the value of $27.81. The stock touched a low price of $27.346.

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Recently in News on November 25, 2020, Montrose Environmental Group Announces Pricing of Secondary Offering. (November 24, 2020) – Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) announced today the pricing of the previously announced underwritten secondary offering by certain of the Company’s stockholders, including funds managed by Oaktree Capital Management, L.P. (the “Selling Stockholders”), of 4,920,052 shares of the Company’s common stock, at a price of $27.25 per share (before underwriting discounts and commissions). The Selling Stockholders have also granted the underwriters a 30-day option to purchase up to an additional 738,012 shares of common stock. The Selling Stockholders will receive all of the proceeds from the offering. Montrose is not offering any shares of its common stock in the offering and will not receive any proceeds from the offering. The offering is expected to close on November 30, 2020, subject to the satisfaction of customary closing conditions. You can read further details here


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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Montrose Environmental Group Inc. shares are logging -19.47% during the 52-week period from high price, and 76.11% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $16.41 and $35.89.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 1045820 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Montrose Environmental Group Inc. (MEG) recorded performance in the market was 26.41%, having the revenues showcasing 1.09% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 713.88M, as it employees total of 1700 workers.

Analysts verdict on Montrose Environmental Group Inc. (MEG)

During the last month, 0 analysts gave the Montrose Environmental Group Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MEG is recording 1.27 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.23.

Montrose Environmental Group Inc. (MEG): Technical Analysis

Raw Stochastic average of Montrose Environmental Group Inc. in the period of last 50 days is set at 48.53%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 30.76%. In the last 20 days, the company’s Stochastic %K was 34.22% and its Stochastic %D was recorded 52.02%.

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Let’s take a glance in the erstwhile performances of Montrose Environmental Group Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 26.41%. The shares increased approximately by -19.88% in the 7-day charts and went down by 6.55% in the period of the last 30 days. Common stock shares were driven by 1.09% during last recorded quarter.

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