M-tron Industries (NYSEAMERICAN:MPTI) Shares Down 1.7% - Time to Sell?

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report)'s share price dropped 1.7% during mid-day trading on Tuesday . The company traded as low as $53.33 and last traded at $54.40. Approximately 30,343 shares were traded during trading, a decline of 35% from the average daily volume of 46,342 shares. The stock had previously closed at $55.33.

M-tron Industries Price Performance

The firm has a market cap of $151.25 million, a P/E ratio of 30.91, a P/E/G ratio of 0.86 and a beta of 0.60.

M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.13. M-tron Industries had a net margin of 10.95% and a return on equity of 23.56%. The company had revenue of $11.81 million for the quarter, compared to analyst estimates of $11.20 million. As a group, equities analysts forecast that M-tron Industries, Inc. will post 2.26 earnings per share for the current fiscal year.

Insider Transactions at M-tron Industries

In other M-tron Industries news, Director Ivan Arteaga sold 1,600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the sale, the director now owns 364 shares in the company, valued at approximately $18,440.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.40% of the company's stock.

Institutional Investors Weigh In On M-tron Industries

Several large investors have recently modified their holdings of the stock. Avantax Advisory Services Inc. purchased a new stake in M-tron Industries in the 1st quarter worth about $361,000. Vanguard Group Inc. raised its position in shares of M-tron Industries by 59.9% in the first 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 period. O Shaughnessy Asset Management LLC lifted its stake in shares of M-tron Industries by 4.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 8,466 shares of the company's stock valued at $254,000 after buying an additional 357 shares in the last quarter. CreativeOne Wealth LLC bought a new position in M-tron Industries in the 1st quarter worth approximately $210,000. Finally, Truvestments Capital LLC purchased a new position in M-tron Industries in the 1st quarter valued at approximately $165,000. Hedge funds and other institutional investors own 23.31% of the company's stock.

About M-tron Industries

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.