Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) were down 3.3% during mid-day trading on Wednesday . The company traded as low as $48.80 and last traded at $50.77. Approximately 48,727 shares changed hands during trading, an increase of 6% from the average daily volume of 46,145 shares. The stock had previously closed at $52.52.
M-tron Industries Trading Down 3.3 %
The firm has a market capitalization of $145.71 million, a P/E ratio of 25.39, a PEG ratio of 0.87 and a beta of 0.81.
Insider Transactions at M-tron Industries
In other news, Director Ivan Arteaga sold 1,600 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $50.66, for a total value of $81,056.00. Following the sale, the director now directly owns 364 shares in the company, valued at $18,440.24. This represents a 81.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.40% of the company's stock.
Institutional Trading of M-tron Industries
Several hedge funds and other institutional investors have recently bought and sold shares of MPTI. Evernest Financial Advisors LLC acquired a new position in shares of M-tron Industries during the 3rd quarter valued at about $865,000. Geode Capital Management LLC increased its position in M-tron Industries by 18.6% during the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company's stock worth $989,000 after purchasing an additional 3,718 shares during the last quarter. Barclays PLC purchased a new position in M-tron Industries during the third quarter worth approximately $114,000. Finally, Truvestments Capital LLC boosted its holdings in shares of M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company's stock valued at $336,000 after purchasing an additional 988 shares during the last quarter. 23.31% of the stock is owned by hedge funds and other institutional investors.
About M-tron Industries
(
Get Free Report)
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.
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