M-tron Industries (NYSEAMERICAN:MPTI) Stock Price Up 3.8% – Still a Buy?

Shares of M-tron Industries, Inc. (NYSEAMERICAN:MPTI) traded up 3.8% on Monday. The stock traded as high as $68.46 and last traded at $67.66. 71,050 shares were traded during mid-day trading, a decline of 16% from the average session volume of 85,036 shares. The stock had previously closed at $65.21.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of M-tron Industries from a “strong sell” rating to a “hold” rating in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

M-tron Industries Stock Up 0.7%

The stock has a market capitalization of $301.93 million, a P/E ratio of 25.52, a P/E/G ratio of 1.20 and a beta of 0.75. The business has a fifty day moving average price of $74.42 and a 200-day moving average price of $74.93.

M-tron Industries (NYSEAMERICAN:MPTI) last announced its earnings results on Wednesday, August 12th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). M-tron Industries had a net margin of 16.35% and a return on equity of 13.03%. The company had revenue of $15.11 million for the quarter, compared to analysts’ expectations of $14.75 million. On average, equities analysts expect that M-tron Industries, Inc. will post 2.17 earnings per share for the current fiscal year.

Institutional Trading of M-tron Industries

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its holdings in shares of M-tron Industries by 43.4% in the third quarter. State of Alaska Department of Revenue now owns 865 shares of the company’s stock worth $67,000 after purchasing an additional 262 shares during the last quarter. IFP Advisors Inc lifted its position in shares of M-tron Industries by 88.9% in the second quarter. IFP Advisors Inc now owns 444 shares of the company’s stock worth $44,000 after buying an additional 209 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of M-tron Industries in the second quarter worth about $937,000. Grandeur Peak Global Advisors LLC boosted its stake in M-tron Industries by 11.5% during the second quarter. Grandeur Peak Global Advisors LLC now owns 56,681 shares of the company’s stock valued at $5,620,000 after buying an additional 5,833 shares during the last quarter. Finally, Concorde Asset Management LLC bought a new position in M-tron Industries during the second quarter valued at approximately $974,000. Hedge funds and other institutional investors own 23.31% of the company’s stock.

About M-tron Industries

M-tron Industries, Inc designs and manufactures highly engineered electronic components used in frequency control, spectrum control and related applications. Its products include quartz crystals, crystal oscillators, crystal filters, radio-frequency and microwave filters, electromagnetic interference filters, and customized frequency-control modules.

The company serves customers in the aerospace, defense, space, telecommunications and industrial markets. Its components are used in applications such as radar, electronic warfare, satellite communications, avionics, navigation and other systems that require precise timing, signal control or protection from electromagnetic interference.

M-tron Industries operates through its MtronPTI business and provides products to customers in the United States and international markets.