Servotronics (NYSEAMERICAN:SVT) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Servotronics, Inc. (NYSEAMERICAN:SVT)’s stock price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-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 trading hands.

Servotronics Price Performance

The business’s 50-day moving average is $10.78. The stock has a market cap of $27.08 million, a price-to-earnings ratio of 212.44 and a beta of 0.51.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC grew its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the conglomerate’s stock after acquiring an additional 6,656 shares during the period. Courier Capital LLC owned 0.98% of Servotronics worth $265,000 as of its most recent SEC filing. 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.