RTX - M-tron Industries: Growing In Stature But Wait For A Pullback

2024-01-22 22:21:06 ET

Summary

• M-tron Industries has proven to be a source of high returns for shareholders, delivering 172% returns since its listing debut in Oct 2022.
• MPTI specializes in RF components and services, primarily serving stable industries like defense and aerospace.
• The company is experiencing significant growth in its backlog and has been targeting larger programs, leading to higher volumes and better margins.
• Institutional interest has grown quite significantly over the past 6 months.
• However, the stock's valuation and technical picture suggest it may not be a good buy at current levels.

Introduction

M-tron Industries ( MPTI ), a micro-cap play, specializes in producing certain standardized and customized electronic components that are instrumental in monitoring and addressing the frequency and spectrum of electronic circuit signals....

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