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

Shares of Servotronics, Inc. (NYSEAMERICAN:SVT) 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 traded.

Servotronics Price Performance

The stock has a market cap of $27.08 million, a P/E ratio of 212.44 and a beta of 0.51. The company’s 50 day moving average price is $10.78.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC boosted its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the conglomerate’s stock after acquiring an additional 6,656 shares during the quarter. Courier Capital LLC owned 0.98% of Servotronics worth $265,000 at the end of the most recent quarter. 24.77% of the stock is currently owned by institutional investors and hedge funds.

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.