M-tron Industries, Inc. (NYSEAMERICAN:MPTI – Get Free Report) major shareholder Mario J. Gabelli sold 700 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $31.85, for a total transaction of $22,295.00. Following the completion of the transaction, the insider now directly owns 178,300 shares in the company, valued at approximately $5,678,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
M-tron Industries Stock Performance
NYSEAMERICAN MPTI opened at $33.99 on Thursday. M-tron Industries, Inc. has a 12 month low of $10.85 and a 12 month high of $45.60. The stock has a market capitalization of $95.17 million, a price-to-earnings ratio of 20.88, a P/E/G ratio of 0.72 and a beta of 0.77.
M-tron Industries (NYSEAMERICAN:MPTI – Get Free Report) last posted its earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. M-tron Industries had a net margin of 10.29% and a return on equity of 23.44%. The company had revenue of $11.19 million for the quarter, compared to analysts’ expectations of $11.00 million. As a group, analysts predict that M-tron Industries, Inc. will post 2.03 EPS for the current fiscal 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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