Servotronics (NYSEAMERICAN:SVT) Stock Passes Above 50 Day Moving Average – What’s Next?

Servotronics, Inc. (NYSEAMERICAN:SVT)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $10.98. Servotronics shares last traded at $10.90, with a volume of 1,033 shares trading hands.

Servotronics Trading Up 1.1 %

The company has a market cap of $27.80 million, a price-to-earnings ratio of 218.04 and a beta of 0.50.

Servotronics (NYSEAMERICAN:SVT) last posted its quarterly earnings data on Friday, November 8th. The conglomerate reported $0.05 earnings per share for the quarter. Servotronics had a return on equity of 2.85% and a net margin of 0.30%. The firm had revenue of $12.43 million during the quarter.

Institutional Trading of Servotronics

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC lifted its position in Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,344 shares of the conglomerate’s stock after purchasing an additional 8,344 shares during the quarter. Courier Capital LLC owned about 0.72% of Servotronics worth $207,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.77% of the company’s stock.

About Servotronics

Servotronics, Inc designs, manufactures, and markets servo-control components and other technology products for aerospace, military, and medical applications in the United States and internationally. It offers high-performance servo valves, including torque motor, hydraulic, and pneumatic valves. The company offers its products to products are sold to commercial aerospace, government, medical, and industrial markets.