M-tron Industries (NYSEAMERICAN:MPTI) Trading Down 3.3%

Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) fell 3.3% during trading on Wednesday . The company traded as low as $26.69 and last traded at $26.85. 20,697 shares were traded during mid-day trading, a decline of 73% from the average session volume of 76,246 shares. The stock had previously closed at $27.76.

M-tron Industries Trading Down 3.3 %

The company has a market capitalization of $75.18 million, a P/E ratio of 21.14, a PEG ratio of 0.58 and a beta of 0.32.

M-tron Industries (NYSEAMERICAN:MPTI) last issued its earnings results on Monday, March 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.45). M-tron Industries had a return on equity of 20.38% and a net margin of 8.48%. The company had revenue of $10.77 million during the quarter, compared to the consensus estimate of $11.20 million. Equities analysts forecast that M-tron Industries, Inc. will post 2.01 EPS for the current year.

Institutional Investors Weigh In On M-tron Industries

An institutional investor recently bought a new position in M-tron Industries stock. AJOVista LLC bought a new stake in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 845 shares of the company’s stock, valued at approximately $30,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Company Profile

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.