Mechanical Technology, Incorporated designs, manufactures, and markets vibration measurement and balancing systems, precision linear displacement solutions, and wafer inspection tools worldwide.
Mechanical Technology Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$8.40|
|52 Week High||US$1.27|
|52 Week Low||US$18.90|
|1 Month Change||7.14%|
|3 Month Change||17.48%|
|1 Year Change||463.76%|
|3 Year Change||813.04%|
|5 Year Change||740.00%|
|Change since IPO||21.94%|
Recent News & Updates
|MKTY||US Electronic||US Market|
Return vs Industry: MKTY exceeded the US Electronic industry which returned 52.9% over the past year.
Return vs Market: MKTY exceeded the US Market which returned 36.2% over the past year.
Stable Share Price: MKTY is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: MKTY's weekly volatility has decreased from 19% to 10% over the past year, but is still higher than 75% of US stocks.
About the Company
Mechanical Technology, Incorporated designs, manufactures, and markets vibration measurement and balancing systems, precision linear displacement solutions, and wafer inspection tools worldwide. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing markets, as well as the research, design, and process development market. The company also provides engine vibration analysis systems for military and commercial aircraft; portable signal generator that delivers an electronic signal simulating other pieces of equipment or sensors for testing and calibrating electronic equipment; and products for the detection of defects in semiconductor and solar wafers.
Mechanical Technology Fundamentals Summary
|MKTY fundamental statistics|
Is MKTY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MKTY income statement (TTM)|
|Cost of Revenue||US$2.46m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.035|
|Net Profit Margin||-3.20%|
How did MKTY perform over the long term?See historical performance and comparison
Is Mechanical Technology undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MKTY's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MKTY's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MKTY is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: MKTY is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MKTY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MKTY is overvalued based on its PB Ratio (5.1x) compared to the US Electronic industry average (2.6x).
How is Mechanical Technology forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Mechanical Technology has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Mechanical Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MKTY is currently unprofitable.
Growing Profit Margin: MKTY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MKTY is unprofitable, but has reduced losses over the past 5 years at a rate of 43.7% per year.
Accelerating Growth: Unable to compare MKTY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MKTY is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (40.3%).
Return on Equity
High ROE: MKTY has a negative Return on Equity (-1.72%), as it is currently unprofitable.
How is Mechanical Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MKTY's short term assets ($20.6M) exceed its short term liabilities ($3.7M).
Long Term Liabilities: MKTY's short term assets ($20.6M) exceed its long term liabilities ($989.0K).
Debt to Equity History and Analysis
Debt Level: MKTY is debt free.
Reducing Debt: MKTY has not had any debt for past 5 years.
Debt Coverage: MKTY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MKTY has no debt, therefore coverage of interest payments is not a concern.
What is Mechanical Technology current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MKTY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MKTY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MKTY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MKTY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MKTY's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Michael Toporek (55 yo)
Mr. Michael M. Toporek is the Chief Executive Officer at Mechanical Technology, Incorporated since November 2, 2020. He serves as Director at MTI Instruments since 2016. He serves as President and Director...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD121.15K) is below average for companies of similar size in the US market ($USD551.14K).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
Experienced Management: MKTY's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: MKTY's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MKTY insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 32.7%.
Mechanical Technology, Incorporated's employee growth, exchange listings and data sources
- Name: Mechanical Technology, Incorporated
- Ticker: MKTY
- Exchange: NasdaqCM
- Founded: 1961
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$104.391m
- Shares outstanding: 12.70m
- Website: https://www.mechtech.com
Number of Employees
- Mechanical Technology, Incorporated
- 325 Washington Avenue Extension
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 22:56|
|End of Day Share Price||2021/09/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.