M-tron Industries (NYSEAMERICAN:MPTI) Shares Up 1.5% – Still a Buy?

Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) rose 1.5% during mid-day trading on Friday . The company traded as high as $51.20 and last traded at $51.20. Approximately 17,676 shares changed hands during trading, a decline of 41% from the average daily volume of 29,747 shares. The stock had previously closed at $50.44.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded M-tron Industries to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, M-tron Industries currently has a consensus rating of “Strong Buy”.

M-tron Industries Trading Up 1.5%

The firm’s 50 day simple moving average is $52.26 and its 200-day simple moving average is $48.06. The stock has a market capitalization of $150.02 million, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 0.77 and a beta of 0.78.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.06. M-tron Industries had a return on equity of 21.02% and a net margin of 13.51%.The company had revenue of $14.17 million during the quarter, compared to analysts’ expectations of $13.91 million. As a group, equities research analysts predict that M-tron Industries, Inc. will post 2.47 earnings per share for the current year.

Institutional Investors Weigh In On M-tron Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Solstein Capital LLC bought a new position in shares of M-tron Industries in the third quarter valued at $28,000. Police & Firemen s Retirement System of New Jersey bought a new stake in M-tron Industries during the second quarter worth $29,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in M-tron Industries in the third quarter valued at $63,000. AlphaQuest LLC bought a new position in shares of M-tron Industries in the 1st quarter valued at about $73,000. Finally, Acuitas Investments LLC acquired a new position in shares of M-tron Industries during the 3rd quarter worth about $140,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Company Profile

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high?performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi?circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.