Vanguard Group Inc. Buys 32,964 Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Vanguard Group Inc. raised its stake in shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 59.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 87,966 shares of the company’s stock after acquiring an additional 32,964 shares during the period. Vanguard Group Inc. owned approximately 3.14% of M-tron Industries worth $2,639,000 as of its most recent SEC filing.

Separately, Avantax Advisory Services Inc. purchased a new stake in shares of M-tron Industries during the 1st quarter valued at about $361,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Down 1.0 %

NYSEAMERICAN MPTI opened at $35.49 on Tuesday. The stock has a market cap of $99.37 million, a PE ratio of 22.18, a price-to-earnings-growth ratio of 0.70 and a beta of 0.72. M-tron Industries, Inc. has a 52 week low of $15.49 and a 52 week high of $45.60.

M-tron Industries (NYSEAMERICAN:MPTI) last released its earnings results on Wednesday, August 14th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.13. The company had revenue of $11.81 million during the quarter, compared to analyst estimates of $11.20 million. M-tron Industries had a net margin of 10.29% and a return on equity of 23.44%. Sell-side analysts forecast that M-tron Industries, Inc. will post 2.03 EPS for the current fiscal year.

M-tron Industries Company Profile

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.