M-tron Industries (NYSEAMERICAN:MPTI) Shares Up 0.9% – Should You Buy?

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) shares shot up 0.9% during trading on Wednesday . The stock traded as high as $95.78 and last traded at $93.87. 154,959 shares were traded during mid-day trading, an increase of 116% from the average session volume of 71,768 shares. The stock had previously closed at $93.03.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MPTI. Zacks Research lowered shares of M-tron Industries from a “hold” rating to a “strong sell” rating in a report on Friday, March 13th. Freedom Capital lowered shares of M-tron Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, M-tron Industries has a consensus rating of “Hold”.

M-tron Industries Stock Up 2.3%

The company’s fifty day simple moving average is $76.50 and its 200 day simple moving average is $65.91. The firm has a market capitalization of $426.00 million, a PE ratio of 34.97, a price-to-earnings-growth ratio of 1.66 and a beta of 0.72.

M-tron Industries (NYSEAMERICAN:MPTI) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. M-tron Industries had a net margin of 16.33% and a return on equity of 17.69%. The business had revenue of $14.69 million during the quarter, compared to analyst estimates of $14.36 million. Equities research analysts forecast that M-tron Industries, Inc. will post 2.26 EPS for the current year.

Insider Activity

In other news, CEO Cameron Pforr sold 840 shares of M-tron Industries stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $66.78, for a total transaction of $56,095.20. Following the completion of the transaction, the chief executive officer directly owned 26,806 shares in the company, valued at approximately $1,790,104.68. This trade represents a 3.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,507 shares of company stock worth $100,637 in the last ninety days. 6.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On M-tron Industries

Several large investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of M-tron Industries by 44.4% during the first quarter. Bank of America Corp DE now owns 5,343 shares of the company’s stock valued at $357,000 after purchasing an additional 1,644 shares during the last quarter. Aristides Capital LLC lifted its holdings in shares of M-tron Industries by 21.5% during the first quarter. Aristides Capital LLC now owns 65,673 shares of the company’s stock valued at $4,390,000 after purchasing an additional 11,619 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of M-tron Industries by 6.0% during the first quarter. Dimensional Fund Advisors LP now owns 44,988 shares of the company’s stock valued at $3,007,000 after purchasing an additional 2,540 shares during the last quarter. Millennium Management LLC purchased a new position in shares of M-tron Industries during the fourth quarter valued at approximately $237,000. Finally, Barclays PLC lifted its holdings in shares of M-tron Industries by 7.1% during the fourth quarter. Barclays PLC now owns 3,830 shares of the company’s stock valued at $204,000 after purchasing an additional 254 shares during the last quarter. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

About M-tron Industries

M-tron Industries, Inc (NYSE American: MPTI) is a designer and manufacturer of high‐performance electromechanical motion control and power transmission systems. The company specializes in the development of precision motors, digital servo controllers, and rotary electrical interfaces that enable smooth, reliable operation in demanding environments. Its core offerings include frameless torque motors, brushless DC motors, multi‐circuit slip ring assemblies, and custom motor/controller packages tailored to specific customer requirements.

These products serve a diverse array of end markets, including defense and aerospace, industrial automation, robotics, medical imaging, and energy generation.