Servotronics (NYSEAMERICAN:SVT) Shares Cross Below 50 Day Moving Average – What’s Next?

Servotronics, Inc. (NYSEAMERICAN:SVT)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.70 and traded as low as $10.51. Servotronics shares last traded at $10.51, with a volume of 1,144 shares.

Servotronics Stock Performance

The firm has a market capitalization of $26.80 million, a P/E ratio of 210.24 and a beta of 0.51. The firm has a 50 day simple moving average of $10.70.

Servotronics (NYSEAMERICAN:SVT) last issued its quarterly earnings results 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 firm posted ($4.37) earnings per share.

Hedge Funds Weigh In On Servotronics

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC grew its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,000 shares of the conglomerate’s stock after buying an additional 6,656 shares during the period. Courier Capital LLC owned approximately 0.98% of Servotronics worth $265,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.