Mechanical Technology (OTCMKTS:MKTY) Share Price Passes Above 50 Day Moving Average of $1.04

Mechanical Technology Inc. (OTCMKTS:MKTY)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $1.04 and traded as high as $0.88. Mechanical Technology shares last traded at $0.84, with a volume of 1,628 shares.

The company has a market cap of $7.66 million, a price-to-earnings ratio of 4.43 and a beta of -0.10. The stock has a fifty day simple moving average of $1.03.

Mechanical Technology Company Profile (OTCMKTS:MKTY)

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. It offers electronic gauging instruments for position, displacement, and vibration applications in the industrial manufacturing/production markets, as well as the research, design, and process development market.

Further Reading: Different Types of Derivatives

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