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Last $1.07 USD
Change Today -0.03 / -2.73%
Volume 10.5K
MKTY On Other Exchanges
As of 8:10 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

mechanical technology inc (MKTY) Snapshot

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Day High
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52 Week High
06/13/14 - $1.48
52 Week Low
12/26/14 - $0.64
Market Cap
Average Volume 10 Days
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Dividend Yield

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mechanical technology inc (MKTY) Details

Mechanical Technology, Incorporated, through its subsidiary, MTI Instruments, Inc., designs, manufactures, and markets precision linear displacement solutions, vibration measurement and system balancing solutions, precision tensile measurement systems, and wafer inspection tools worldwide. The company offers electronic gauging instruments for position, displacement, and vibration application in the industrial manufacturing/production markets, as well as the research, design, and process development market. It also provides metrology tools for semiconductor and solar wafer characterization; tensile stage systems for materials testing at academic and industrial research settings; and engine balancing and vibration analysis systems for military and commercial aircraft. The company sells its precision automated manufacturing, and industrial and academic research and development products through direct sales and representatives in the Americas; and through distributors and agents in Europe and Asia, as well as axial turbo machinery directly to end users. It serves electronics, aircraft, aerospace, automotive, semiconductor, and research industries. Mechanical Technology, Incorporated was founded in 1961 and is headquartered in Albany, New York.

30 Employees
Last Reported Date: 03/5/15
Founded in 1961

mechanical technology inc (MKTY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $267.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $162.3K
Compensation as of Fiscal Year 2014.

mechanical technology inc (MKTY) Key Developments

Mechanical Technology, Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2015

Mechanical Technology, Incorporated has reported that net loss for the first quarter ended March 31, 2015 was $388,000, or $0.07 loss per share, compared to a net loss of $432,000, or $0.08 loss per share, for the same quarter ended March 31, 2014. Product revenue was $1.64 million, compared to $1.38 million for the same quarter ended March 31, 2014. Operating loss was $387,000, compared to an operating loss of $432,000 for the same quarter a year ago.

Mechanical Technology, Incorporated Announces Earnings Results for the First Quarter of 2015

Mechanical Technology, Incorporated announced earnings results for the first quarter of 2015. For the period, revenue was increased by 18.4% as compared to the prior year as a direct result of increases in both instruments for automated manufacturing and engine vibration and balancing system activity sales primarily to commercial airlines. Operating loss improved in the first quarter of 2015 compared to 2014 by $45,100, with a $0.07 loss per share, as the impact of first quarter revenue reflected expected delays in capital spending from key customers.

Mechanical Technology, Incorporated Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Mechanical Technology, Incorporated announced consolidated earnings results for the year ended December 31, 2014. For the year, the company's product revenue was $8,781,000 against $8,352,000 a year ago. Income before income taxes and non-controlling interest was $700,000 against $3,614,000 a year ago. Net income attributed to MTI was $740,000 against $3,654,000 a year ago. Basic and diluted income per share attributable to MTI was $0.14 against diluted income per share attributable to MTI of $0.69 a year ago. Operating income increased by 56.5% as compared to the prior year as a direct result of increased sales and improved margins. Product revenue increased by 5.1% in 2014 compared to 2013 due to increases in both instruments for automated manufacturing with new customers and engine vibration and balancing system activity under government contracts. Net income increased when compared to the previous year after excluding the significant, one-time, non-cash gain recorded during 2013 from the deconsolidation of MTI Micro operations on December 31, 2013.


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Price/Earnings 7.7x
Price/Sales 0.6x
Price/Book 1.5x
Price/Cash Flow 7.4x
TEV/Sales 0.5x

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