Servotronics (NYSEAMERICAN:SVT) Trading 5% Higher – Still a Buy?

Servotronics, Inc. (NYSEAMERICAN:SVT)’s stock price rose 5% during trading on Wednesday . The stock traded as high as $11.63 and last traded at $11.63. Approximately 322 shares were traded during trading, a decline of 92% from the average daily volume of 4,027 shares. The stock had previously closed at $11.08.

Servotronics Price Performance

The company has a market cap of $29.15 million, a price-to-earnings ratio of 229.03 and a beta of 0.54.

Insider Activity at Servotronics

In other Servotronics news, insider James C. Takacs sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $12.55, for a total value of $43,925.00. Following the completion of the transaction, the insider now owns 13,113 shares in the company, valued at approximately $164,568.15. This represents a 21.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 33.90% of the stock is owned by insiders.

Institutional Trading of Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC raised its holdings in Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,344 shares of the conglomerate’s stock after acquiring an additional 8,344 shares during the period. Courier Capital LLC owned approximately 0.72% of Servotronics worth $207,000 at the end of the most recent quarter. Hedge funds and other 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.