M-tron Industries (NYSEAMERICAN:MPTI) Trading 6.4% Higher

M-tron Industries, Inc. (NYSEAMERICAN:MPTI)’s stock price was up 6.4% on Wednesday . The stock traded as high as $32.08 and last traded at $31.60. Approximately 117,600 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 87,405 shares. The stock had previously closed at $29.71.

M-tron Industries Price Performance

The stock has a market cap of $88.16 million, a price-to-earnings ratio of 24.88, a PEG ratio of 0.67 and a beta of 0.46.

Insider Buying and Selling at M-tron Industries

In related news, President William Arnold Drafts sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the president now directly owns 14,718 shares of the company’s stock, valued at approximately $588,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other M-tron Industries news, President William Arnold Drafts sold 5,000 shares of M-tron Industries stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the sale, the president now directly owns 14,718 shares in the company, valued at approximately $588,720. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Madonna Educational Founda Emg sold 29,044 shares of the business’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $39.99, for a total transaction of $1,161,469.56. Following the completion of the sale, the director now owns 40,097 shares in the company, valued at approximately $1,603,479.03. The disclosure for this sale can be found here. Insiders have sold a total of 105,613 shares of company stock valued at $4,056,322 over the last ninety days. 19.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On M-tron Industries

Hedge funds have recently bought and sold shares of the business. AJOVista LLC purchased a new stake in M-tron Industries during the fourth quarter valued at approximately $30,000. BlackRock Inc. increased its position in shares of M-tron Industries by 31.8% during the 2nd quarter. BlackRock Inc. now owns 5,592 shares of the company’s stock valued at $62,000 after purchasing an additional 1,349 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in M-tron Industries by 159.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 2,641 shares of the company’s stock valued at $28,000 after buying an additional 1,622 shares during the period. Vanguard Group Inc. raised its holdings in M-tron Industries by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 55,002 shares of the company’s stock valued at $1,964,000 after buying an additional 1,635 shares during the period. Finally, UBS Group AG lifted its position in M-tron Industries by 4,511.5% in the fourth quarter. UBS Group AG now owns 4,796 shares of the company’s stock worth $171,000 after buying an additional 4,692 shares during the last quarter. Hedge funds and other institutional investors own 23.31% of the company’s stock.

M-tron Industries Company Profile

M-tron Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products. 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.