MTRN Stock Summary and Trading Ideas (Materion | NYSE:MTRN)

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials which produces chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire.

Materion trades on the NYSE stock market under the symbol MTRN.

As of May 13, 2024, MTRN stock price declined to $113.37 with 32,245 million shares trading.

MTRN has a beta of 1.73, meaning it tends to be more sensitive to market movements. MTRN has a correlation of 0.34 to the broad based SPY ETF.

MTRN has a market cap of $2.35 billion. This is considered a Mid Cap stock.

Last quarter Materion reported $385 million in Revenue and $.96 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, MTRN stock traded as high as $145.08 and as low as $64.89.

The top ETF exchange traded funds that MTRN belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

MTRN has underperformed the market in the last year with a price return of +10.7% while the SPY ETF gained +27.8%. MTRN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.1% and -5.1%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

MTRN support price is $112.90 and resistance is $118.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTRN stock will trade within this expected range on the day.