M-tron Industries (NYSEAMERICAN:MPTI) Upgraded at Atrium Research

Atrium Research upgraded shares of M-tron Industries (NYSEAMERICAN:MPTI) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

M-tron Industries Stock Down 2.2%

Shares of NYSEAMERICAN MPTI opened at $54.59 on Thursday. M-tron Industries has a fifty-two week low of $34.50 and a fifty-two week high of $71.10. The firm’s 50-day simple moving average is $48.97 and its 200 day simple moving average is $47.09. The stock has a market cap of $159.40 million, a P/E ratio of 20.76, a P/E/G ratio of 0.85 and a beta of 0.75.

Institutional Investors Weigh In On M-tron Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Police & Firemen s Retirement System of New Jersey bought a new stake in M-tron Industries in the second quarter worth about $29,000. AlphaQuest LLC bought a new stake in M-tron Industries in the first quarter worth about $73,000. Quadrature Capital Ltd bought a new stake in M-tron Industries in the second quarter worth about $206,000. XTX Topco Ltd bought a new stake in M-tron Industries in the first quarter worth about $223,000. Finally, Los Angeles Capital Management LLC bought a new stake in M-tron Industries in the second quarter worth about $274,000. 23.31% of the stock is currently owned by 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.