M-tron Industries (NYSEAMERICAN:MPTI) Shares Down 1.4% – What’s Next?

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) shares fell 1.4% during trading on Tuesday . The stock traded as low as $57.99 and last traded at $59.15. 23,018 shares traded hands during trading, a decline of 52% from the average session volume of 47,552 shares. The stock had previously closed at $59.99.

M-tron Industries Trading Up 1.7 %

The stock has a market capitalization of $152.83 million, a PE ratio of 26.63, a PEG ratio of 0.98 and a beta of 0.81.

Insider Buying and Selling

In other news, Director Ivan Arteaga sold 1,600 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $50.66, for a total value of $81,056.00. Following the sale, the director now directly owns 364 shares in the company, valued at approximately $18,440.24. This trade represents a 81.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 7.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On M-tron Industries

Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC acquired a new stake in shares of M-tron Industries during the third quarter worth about $114,000. Truvestments Capital LLC increased its position in M-tron Industries by 14.0% during the third quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after buying an additional 988 shares during the period. Evernest Financial Advisors LLC purchased a new stake in M-tron Industries in the third quarter valued at approximately $865,000. Finally, Geode Capital Management LLC boosted its holdings in shares of M-tron Industries by 18.6% in the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after acquiring an additional 3,718 shares during the period. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

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.