Methode Electronics Shares Plummet, 5-Year Investment Now Worth $197

Methode Electronics shares plummeted by five percent in morning trading following dismal third-quarter results, marking a fifteen point six percent sales decrease compared to last year, with the Automotive division experiencing a twenty-four point one percent drop. The company reported a net loss of nine point nine million dollars for the quarter, contributing to a thirty-seven point three percent year-to-date decline. Despite recent volatility, investors who bought shares five years ago would now have only one hundred ninety-seven dollars and fifty-five cents left of their initial one thousand dollar investment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.