M-tron Industries (NYSEAMERICAN:MPTI) Shares Down 1.7% – Time to Sell?

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was down 1.7% during trading on Tuesday . The stock traded as low as $53.33 and last traded at $54.40. Approximately 30,343 shares were traded during trading, a decline of 35% from the average daily volume of 46,342 shares. The stock had previously closed at $55.33.

M-tron Industries Trading Down 1.7 %

The company has a market capitalization of $152.86 million, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 0.87 and a beta of 0.60.

M-tron Industries (NYSEAMERICAN:MPTI) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.13. The firm had revenue of $11.81 million during the quarter, compared to the consensus estimate of $11.20 million. M-tron Industries had a return on equity of 23.56% and a net margin of 10.95%. On average, analysts predict that M-tron Industries, Inc. will post 2.26 EPS for the current fiscal year.

Insider Activity at M-tron Industries

In related news, Director Ivan Arteaga sold 1,600 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $50.66, for a total value of $81,056.00. Following the completion of the transaction, the director now directly owns 364 shares of the company’s stock, valued at approximately $18,440.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.40% of the stock is owned by insiders.

Hedge Funds Weigh In On M-tron Industries

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in M-tron Industries by 59.9% in the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after purchasing an additional 32,964 shares in the last quarter. Evernest Financial Advisors LLC acquired a new stake in shares of M-tron Industries during the 3rd quarter worth about $865,000. 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 worth $254,000 after acquiring an additional 357 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of M-tron Industries during the 1st quarter worth about $361,000. Finally, CreativeOne Wealth LLC acquired a new stake in shares of M-tron Industries during the 1st quarter worth about $210,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

About M-tron Industries

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.