M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) shot up 1.7% during mid-day trading on Thursday . The company traded as high as $46.51 and last traded at $45.71. 40,291 shares changed hands during trading, a decline of 17% from the average session volume of 48,656 shares. The stock had previously closed at $44.94.
M-tron Industries Stock Performance
The company has a market cap of $121.97 million, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 0.59 and a beta of 0.72.
M-tron Industries (NYSEAMERICAN:MPTI - Get Free Report) last announced 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. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. The business had revenue of $11.81 million for the quarter, compared to analysts' expectations of $11.20 million. Analysts expect that M-tron Industries, Inc. will post 2.26 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its position 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 purchasing an additional 357 shares during the period. Truvestments Capital LLC bought a new position in shares of M-tron Industries in the first quarter worth about $165,000. CreativeOne Wealth LLC purchased a new stake in shares of M-tron Industries during the first quarter worth about $210,000. Avantax Advisory Services Inc. bought a new stake in M-tron Industries during the 1st quarter valued at approximately $361,000. Finally, Vanguard Group Inc. lifted its holdings in M-tron Industries by 59.9% in the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company's stock worth $2,639,000 after purchasing an additional 32,964 shares in the last quarter. Institutional investors own 23.31% of the company's stock.
About M-tron Industries
(
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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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