M-tron Industries (NYSEAMERICAN:MPTI) Stock Price Up 0.7%

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) shares traded up 0.7% on Wednesday . The stock traded as high as $33.87 and last traded at $33.80. 11,383 shares changed hands during trading, a decline of 77% from the average session volume of 50,180 shares. The stock had previously closed at $33.58.

M-tron Industries Stock Performance

The company has a market capitalization of $94.98 million, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 0.64 and a beta of 0.72.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.13. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. The company had revenue of $11.81 million for the quarter, compared to the consensus estimate of $11.20 million. Equities analysts anticipate that M-tron Industries, Inc. will post 2.26 earnings per share for the current fiscal year.

Institutional Trading of M-tron Industries

Hedge funds have recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in M-tron Industries during the first quarter worth $165,000. CreativeOne Wealth LLC bought a new stake in shares of M-tron Industries during the first quarter worth about $210,000. O Shaughnessy Asset Management LLC raised its holdings in shares of M-tron Industries by 4.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company’s stock worth $254,000 after acquiring an additional 357 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in M-tron Industries in the 1st quarter valued at about $361,000. Finally, Vanguard Group Inc. boosted its stake in M-tron Industries by 59.9% during the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after purchasing an additional 32,964 shares during the last quarter. Institutional investors own 23.31% of the company’s stock.

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.