Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $1.20 USD
Change Today 0.00 / 0.00%
Volume 109.0
As of 9:30 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

mechanical technology inc (MKTY) Snapshot

Open
$1.20
Previous Close
$1.20
Day High
$1.20
Day Low
$1.20
52 Week High
06/22/15 - $1.49
52 Week Low
12/26/14 - $0.64
Market Cap
6.3M
Average Volume 10 Days
1.7K
EPS TTM
$0.06
Shares Outstanding
5.3M
EX-Date
--
P/E TM
20.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for MECHANICAL TECHNOLOGY INC (MKTY)

mechanical technology inc (MKTY) Related Bloomberg News

View More Bloomberg News

mechanical technology inc (MKTY) Related Businessweek News

No Related Businessweek News Found

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, Vice-President and S...
Total Annual Compensation: $162.3K
Compensation as of Fiscal Year 2014.

mechanical technology inc (MKTY) Key Developments

Mechanical Technology, Incorporated Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Mechanical Technology, Incorporated announced earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net loss was $218,000, or $0.04 loss per share, compared to a net income of $178,000, or $0.03 per share, for the same quarter ended June 30, 2014. Product revenue was $1.95 million, compared to $2.48 million for the same quarter ended June 30, 2014. For the six months, the company's net loss was $605,000, or $0.12 loss per share, compared to a net loss of $254,000, or $0.05 loss per share, for the same period ended June 30, 2014. Product revenue was $3.59 million, compared to $3.86 million for the same period ended June 30, 2014.

Mechanical Technology, Incorporated Reports Earnings Results for the Second Quarter 2015

Mechanical Technology, Incorporated reported earnings results for the second quarter 2015. For the quarter, revenue decreased by $527,000 as compared to the corresponding prior year period. Increases in commercial sales were not significant enough to offset the lower purchases from the U.S. Air Force. Despite this revenue shortfall, another milestone was achieved with the addition of a major global OEM in Europe, as a significant new Digital Accumeasure end use was commercialized. Operating loss improved by $179,000 as compared to the first quarter of 2015, with a $0.04 loss per share, as the impact of second quarter revenue reductions was partially offset by improved margins. Gross profit was maintained above 60% in the second quarter of 2015, as it improved to 62.4% as compared to 59.8% in the second quarter of 2014. This resulted from the combination of the product sales mix and the impact from the ongoing efforts to reduce manufacturing costs and improve inventory management.

Mechanical Technology, Incorporated, Board Meeting, Jun 11, 2015

Mechanical Technology, Incorporated, Board Meeting, Jun 11, 2015. Agenda: To consider stock repurchase program.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MKTY:US $1.20 USD 0.00

MKTY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Keyence Corp ¥51,970 JPY -3,160.00
View Industry Companies
 

Industry Analysis

MKTY

Industry Average

Valuation MKTY Industry Range
Price/Earnings 17.6x
Price/Sales 0.8x
Price/Book 1.8x
Price/Cash Flow 16.9x
TEV/Sales 0.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MECHANICAL TECHNOLOGY INC, please visit www.mechtech.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.