Servotronics (NYSEAMERICAN:SVT) Shares Pass Below Fifty Day Moving Average – Here’s Why

Shares of Servotronics, Inc. (NYSEAMERICAN:SVT) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.78 and traded as low as $10.62. Servotronics shares last traded at $10.62, with a volume of 278 shares.

Servotronics Stock Performance

The company has a market capitalization of $26.95 million, a P/E ratio of 211.44 and a beta of 0.51. The firm has a 50-day moving average price of $10.76.

Servotronics (NYSEAMERICAN:SVT) last posted its quarterly earnings results on Monday, March 17th. The conglomerate reported ($0.64) EPS for the quarter. Servotronics had a return on equity of 2.85% and a net margin of 0.30%. During the same period last year, the company earned ($4.37) earnings per share.

Institutional Investors Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC increased its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,000 shares of the conglomerate’s stock after acquiring an additional 6,656 shares during the quarter. Courier Capital LLC owned approximately 0.98% of Servotronics worth $265,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.77% of the company’s stock.

Servotronics Company Profile

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.