Mechanical Technology Inc. (OTCMKTS:MKTY) Director David C. Michaels purchased 10,412 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were purchased at an average cost of $1.50 per share, with a total value of $15,618.00. Following the completion of the purchase, the director now owns 29,412 shares of the company’s stock, valued at approximately $44,118. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Mechanical Technology Inc. (OTCMKTS:MKTY) opened at 1.50 on Friday. The stock’s market capitalization is $13.50 million. Mechanical Technology Inc. has a 12 month low of $0.35 and a 12 month high of $1.60. The firm’s 50-day moving average price is $1.25 and its 200-day moving average price is $0.97.

Insider Buying and Selling by Quarter for Mechanical Technology (OTCMKTS:MKTY)

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About Mechanical Technology

Mechanical Technology, Incorporated conducts operations through its subsidiary, MTI Instruments, Inc (MTI Instruments). MTI Instruments supplies precision linear displacement solutions, vibration measurement and system balancing solutions, and wafer inspection tools. The Company’s product offerings include Accumeasure Series, Microtrak 4, Microtrak PRO-2D, MTI-2100 Fotonic Sensor Series, Accumeasure D Series, Microtrak TGS, PBS-4100+ Portable Balancing System, PBS-4100R+ Test Cell Vibration Analysis & Trim Balancing System, TSC-4800A Tachometer Signal Conditioner and 1510A Calibrator, Accumeasure Digital Series, Accumeasure Analog Series, Semtester Tensile Stages and Proforma 300i, PV 1000.

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