MPTI stock rose 0.9% while market fell, with positive analyst forecasts and potential growth

From Nasdaq: 2024-09-20 18:15:21

M-tron Industries, Inc. (MPTI) closed trading at $35.87, showing a +0.9% change from the previous session, outpacing the S&P 500’s loss. Analysts forecast an EPS of $0.54 and revenue of $12.2 million for the upcoming earnings report, with a Zacks Rank of #2 (Buy). The company’s stock holds a forward P/E ratio of 15.73, signaling a discount compared to industry averages.

Investors can track MPTI’s stock performance using the Zacks Rank system, with recent analyst revisions indicating positive sentiment towards the company’s business operations. MPTI also boasts a PEG ratio of 0.68, indicating potential growth. The Engineering – R and D Services industry, where MPTI belongs, has a Zacks Industry Rank of 88, placing it in the top 35% of industries based on performance.

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Please note that the views expressed in this article are those of the author and may not necessarily reflect those of Nasdaq, Inc. To access the full article and free stock analysis report on M-tron Industries, Inc. (MPTI), visit Zacks.com.



Read more at Nasdaq: M-tron Industries, Inc. (MPTI) Rises As Market Takes a Dip: Key Facts