M-tron Industries (NYSEAMERICAN:MPTI) Stock Price Down 1.4% – Should You Sell?

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) fell 1.4% during mid-day trading on Tuesday . The company traded as low as $57.99 and last traded at $59.15. 23,018 shares were traded during mid-day 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 Price Performance

The firm has a market cap of $169.76 million, a P/E ratio of 29.58, a PEG ratio of 0.98 and a beta of 0.81.

Insider Activity

In related news, Director Ivan Arteaga sold 1,600 shares of M-tron Industries stock in a transaction that occurred 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 completion of the transaction, the director now owns 364 shares in the company, valued at $18,440.24. The trade was a 81.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.40% of the company’s stock.

Institutional Trading of M-tron Industries

A number of institutional investors have recently bought and sold shares of MPTI. Vanguard Group Inc. boosted its holdings in shares of M-tron Industries by 59.9% in the 1st quarter. Vanguard Group Inc. now owns 87,966 shares of the company’s stock valued at $2,639,000 after buying an additional 32,964 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in M-tron Industries in the third quarter valued at $865,000. Geode Capital Management LLC grew its holdings in shares of M-tron Industries by 18.6% during the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock worth $989,000 after purchasing an additional 3,718 shares during the last quarter. Barclays PLC acquired a new stake in shares of M-tron Industries during the third quarter worth about $114,000. Finally, Truvestments Capital LLC lifted its holdings in shares of M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock valued at $336,000 after purchasing an additional 988 shares during the last quarter. 23.31% of the stock is owned by hedge funds and other institutional investors.

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.