On Tuesday, M-tron Industries got an upgrade for its IBD SmartSelect Composite Rating from 89 to 97.
The upgrade means the stock currently tops 97% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
M-tron Industries broke out earlier, but is now trading about -4% below the prior 45.60 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Understand that it is a thinly traded stock, with average daily dollar volume under $8 million. Such stocks may show wider daily or weekly fluctuations than stocks with greater trading volume.
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The stock earns a 99 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q3, the company posted 42% earnings growth. Top line growth climbed 21%, up from 16% in the prior report. That marks one quarter of increasing revenue growth. The company's next quarterly report is expected on or around Mar. 26.
M-tron Industries earns the No. 11 rank among its peers in the Aerospace/Defense industry group. EHang Holdings ADR, Elbit Systems and Heico are among the top 5 highly-rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
