M-tron Industries, Inc. (NYSEAMERICAN:MPTI – Get Free Report) major shareholder Mario J. Gabelli sold 500 shares of the business’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $35.70, for a total transaction of $17,850.00. Following the completion of the transaction, the insider now owns 177,171 shares of the company’s stock, valued at approximately $6,325,004.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
M-tron Industries Stock Performance
Shares of NYSEAMERICAN MPTI opened at $33.41 on Wednesday. M-tron Industries, Inc. has a 12-month low of $10.85 and a 12-month high of $45.60. The firm has a market capitalization of $93.55 million, a PE ratio of 20.19, a P/E/G ratio of 0.69 and a beta of 0.77.
M-tron Industries (NYSEAMERICAN:MPTI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. M-tron Industries had a return on equity of 23.44% and a net margin of 10.29%. The business had revenue of $11.19 million during the quarter, compared to analysts’ expectations of $11.00 million. As a group, analysts anticipate that M-tron Industries, Inc. will post 2.03 earnings per share for the current year.
Institutional Inflows and Outflows
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.
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