Servotronics (NYSEAMERICAN:SVT) Shares Pass Above 50-Day Moving Average – Should You Sell?

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

Servotronics Stock Up 1.1 %

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

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

Institutional Trading of Servotronics

An institutional investor recently raised its position in Servotronics stock. Courier Capital LLC boosted its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,000 shares of the conglomerate’s stock after purchasing an additional 6,656 shares during the quarter. Courier Capital LLC owned about 0.98% of Servotronics worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 24.77% of the stock is owned by institutional investors.

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.