Skip to main content

Mechanical Technology, Inc. (MKTY)

NASDAQ: MKTY · IEX Real-Time Price · USD
8.17 -0.66 (-7.47%)
Sep 20, 2021 9:48 AM EDT - Market open
Market Cap112.14M
Revenue (ttm)11.21M
Net Income (ttm)-359,000
Shares Out12.70M
EPS (ttm)-0.04
PE Ration/a
Forward PEn/a
Dividend$0.37 (4.53%)
Ex-Dividend Daten/a
Volume25,868
Open8.38
Previous Close8.83
Day's Range8.14 - 8.49
52-Week Range6.28 - 18.90
Beta1.35
Analystsn/a
Price Target9.60 (+17.5%)
Est. Earnings DateNov 9, 2021

About MKTY

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 s...

IndustryElectronic Equipment, Instruments & Components
Founded1961
Employees29
Stock ExchangeNASDAQ
Ticker SymbolMKTY
Full Company Profile

Financial Performance

In 2020, MKTY's revenue was $9.60 million, an increase of 46.08% compared to the previous year's $6.57 million. Earnings were $1.95 million, an increase of 502.48%.

Financial Statements

News

Mechanical Technology, Incorporated Announces Initial Dividend for Series A Preferred Stock

ALBANY, NY, Aug. 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. (“EcoChain”), a crypto...

3 weeks ago - GlobeNewsWire

Mechanical Technology, Incorporated to Present at the Virtual MicroCap Leadership Summit

ALBANY, NY, Aug. 27, 2021 (GLOBE NEWSWIRE) -- via  NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cryp...

3 weeks ago - GlobeNewsWire

Mechanical Technology: A Hidden Gem in a Crypto Mine

The company has strong environmental and power cost advantages over competitors.

3 weeks ago - GuruFocus

Univest Securities, LLC Announces Closing of Upsized $18 Million Preferred Stock Offering for its Client Mechanical T...

NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Univest Securities, LLC, a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced t...

3 weeks ago - GlobeNewsWire

Mechanical Technology, Incorporated Announces Closing of Upsized $18 Million Preferred Stock Offering

ALBANY, N.Y., Aug. 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cry...

3 weeks ago - GlobeNewsWire

Mechanical Technology, Incorporated Announces Trading in Preferred Stock Commencing Today

Approved for listing on the Nasdaq Stock Market LLC under the symbol “MKTYP”

4 weeks ago - GlobeNewsWire

Mechanical Technology, Incorporated Announces Pricing of Upsized $18 Million Preferred Stock Offering

ALBANY, N.Y., Aug. 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY), the parent company of EcoChain, Inc. ("EcoChain"), a cry...

1 month ago - GlobeNewsWire

MTI Releases Q2 Financials, Announces EcoChain Acquisition of Soluna Computing; PCG Digital Tech Watch Review

NEW YORK,, Aug. 12, 2021 /PRNewswire/ -- Mechanical Technology Inc (Nasdaq: MKTY) released its 2021 Q2 financials  this week, capping off a strong quarter on both the revenue and production sides. Total...

1 month ago - PRNewsWire

Soluna Computing Announces Acquisition by MTI to Create Clean Computing Juggernaut

NEW YORK, Aug. 12, 2021 /PRNewswire/ -- Mechanical Technology, Inc ("MTI") (NASDAQ: MKTY) and Soluna Computing, Inc. ("SCI") today announced that they have signed a definitive agreement whereby MTI will...

1 month ago - PRNewsWire

EcoChain, Inc. Announces Agreement to Acquire Soluna Computing, Inc., Adds 300 MW Pipeline Under LOI

Combined Company Will Monetize Wasted Renewable Energy Production from Wind & Solar Farm Owners

1 month ago - GlobeNewsWire

Mechanical Technology, Incorporated Announces Second Quarter 2021 Financial Results and EcoChain July Site Level Fina...

EcoChain Ramp Continues with Expected August Hashrate up 269%, September up 863% over July and Strikes Joint-Venture Deal

1 month ago - GlobeNewsWire

EcoChain, Inc. Reports Monthly Site Level Financials for Q2 2021

Revenue Increase of 66% over Q1 2021

2 months ago - GlobeNewsWire

Mechanical Technology, Incorporated to Present at Access to Giving Virtual Investor Conference on July 15th

ALBANY, NY / ACCESSWIRE / July 14, 2021 / Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measure...

2 months ago - Accesswire

EcoChain, Inc. to Report Monthly Site Level Financials on July 14th

ALBANY, N.Y., July 08, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY)...

2 months ago - GlobeNewsWire

EcoChain, Inc. Reports Monthly Site Level Financials as it Continues to Scale Up

ALBANY, N.Y., June 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- EcoChain, Inc. (“EcoChain”), a wholly-owned subsidiary of Mechanical Technology, Incorporated (“MTI” or the “Company”), (NASDAQ: MKTY)...

3 months ago - GlobeNewsWire

Mechanical Technology, Incorporated to Present at Summer Solstice – Best Ideas from the Buy-Side on June 1st at 10:00...

ALBANY, NY / ACCESSWIRE / May 28, 2021 / Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ:MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measurem...

3 months ago - Accesswire

Mechanical Technology, Incorporated First Quarter 2021 Financial Results

ALBANY, N.Y., May 18, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments"), a test and measu...

4 months ago - PRNewsWire

EcoChain, Inc. Presents an Illustration and Application of its Business Model as Capacity Ramps Towards 50MW 2021 Target

ALBANY, N.Y., May 13, 2021 /PRNewswire/ -- EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), a cryptocurrency mining...

4 months ago - PRNewsWire

Mechanical Technology Announces Presentation at Q2 Investor Summit

Albany, New York--(Newsfile Corp. - May 11, 2021) - Mechanical Technology, Incorporated (NASDAQ: MKTY) ("MTI" or the "Company"), the parent company of MTI Instruments, Inc. and EcoChain, Inc.("EcoChain"...

4 months ago - Newsfile Corp

EcoChain, Inc. Adds Immediate Capacity; Transformation on Track Towards 50MW 2021 Target

ALBANY, N.Y., May 4, 2021 /PRNewswire/ -- EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), a cryptocurrency mining ...

4 months ago - PRNewsWire

Mechanical Technology, Incorporated Announces Closing of Public Offering of Common Stock

ALBANY, N.Y., April 29, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments") and EcoChain, I...

4 months ago - PRNewsWire

Mechanical Technology, Incorporated Announces Pricing of Public Offering of Common Stock

ALBANY, N.Y., April 27, 2021 /PRNewswire/ -- Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), the parent company of MTI Instruments, Inc. ("MTI Instruments") and EcoChain, I...

4 months ago - PRNewsWire

MTI Instruments Announces Newest Addition of the PBS-4100+ Portable Vibration and Balancing System; Continuing its In...

ALBANY, N.Y., April 27, 2021 /PRNewswire/ -- MTI Instruments, Inc. ("MTI Instruments"), a wholly-owned subsidiary of Mechanical Technology, Incorporated (NASDAQ: MKTY), long known as the creators of ind...

4 months ago - PRNewsWire

Multinational Manufacturer Saint-Gobain Selects MTI Instruments' Digital Capacitance Measurement Technology to Stream...

ALBANY, N.Y., April 21, 2021 /PRNewswire/ -- MTI Instruments, Inc. ("MTI Instruments"), a wholly-owned subsidiary of Mechanical Technology, Incorporated (NASDAQ: MKTY), announced today that Compagnie de...

4 months ago - PRNewsWire

EcoChain, Inc. Adds Immediate Capacity, Reiterates 50MW 2021 Target

ALBANY, N.Y., April 12, 2021 /PRNewswire/ -- EcoChain, Inc. ("EcoChain"), a wholly-owned subsidiary of Mechanical Technology, Incorporated ("MTI" or the "Company"), (NASDAQ: MKTY), a cryptocurrency mini...

5 months ago - PRNewsWire