Servotronics (NYSEAMERICAN:SVT) Share Price Passes Above 50 Day Moving Average of $0.00

Shares of Servotronics, Inc. (NYSEAMERICAN:SVT) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $12.23. Servotronics shares last traded at $12.23, with a volume of 1,628 shares.

Servotronics Trading Up 0.4 %

The firm has a market capitalization of $31.31 million, a price-to-earnings ratio of -3.12 and a beta of 0.57.

Servotronics (NYSEAMERICAN:SVT) last posted its quarterly earnings data on Thursday, August 8th. The conglomerate reported $0.22 earnings per share for the quarter. The business had revenue of $12.27 million during the quarter. Servotronics had a net margin of 0.93% and a return on equity of 3.13%.

Insider Buying and Selling

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 sale, the insider now directly owns 13,113 shares of the company’s stock, valued at approximately $164,568.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 33.90% of the company’s stock.

Institutional Investors Weigh In On Servotronics

An institutional investor recently raised its position in Servotronics stock. Oppenheimer & Close LLC raised its position in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 11.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,727 shares of the conglomerate’s stock after buying an additional 12,633 shares during the quarter. Servotronics accounts for 1.3% of Oppenheimer & Close LLC’s portfolio, making the stock its 27th largest position. Oppenheimer & Close LLC owned about 4.73% of Servotronics worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission. 24.77% of the stock is 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.