M-tron Industries (NYSEAMERICAN:MPTI) Trading Up 0.7% - What's Next?

Key Points

• M-tron Industries shares increased by 0.7% during mid-day trading, reaching a last traded price of $44.34, after hitting a high of $45.01.
• Insider trading activity included President William Arnold Drafts purchasing 1,000 shares at $40.50 each, boosting his ownership by 9.99% to approximately $445,824.
• Institutional investors increased their stake in M-tron Industries, with 23.31% of the stock currently owned by such investors, indicating growing confidence in the company.

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) shares rose 0.7% during mid-day trading on Tuesday . The company traded as high as $45.01 and last traded at $44.34. Approximately 54,341 shares changed hands during trading, an increase of 11% from the average daily volume of 49,028 shares. The stock had previously closed at $44.03.

M-tron Industries Trading Down 2.9%

The company has a fifty day moving average of $42.88 and a two-hundred day moving average of $47.49. The stock has a market capitalization of $124.71 million, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.64 and a beta of 0.69.

Insider Buying and Selling at M-tron Industries

In other M-tron Industries news, President William Arnold Drafts acquired 1,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of $40.50 per share, with a total value of $40,500.00. Following the transaction, the president owned 11,008 shares of the company's stock, valued at approximately $445,824. This trade represents a 9.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.60% of the company's stock.

Hedge Funds Weigh In On M-tron Industries

Large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in M-tron Industries by 33.9% during the first quarter. Janney Montgomery Scott LLC now owns 6,619 shares of the company's stock valued at $295,000 after acquiring an additional 1,674 shares during the period. Jane Street Group LLC bought a new position in M-tron Industries during the fourth quarter valued at about $414,000. American Century Companies Inc. bought a new position in M-tron Industries during the fourth quarter valued at about $474,000. Lazard Asset Management LLC bought a new position in M-tron Industries during the fourth quarter valued at about $81,000. Finally, Millennium Management LLC bought a new position in M-tron Industries during the fourth quarter valued at about $337,000. Institutional investors and hedge funds 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.