Servotronics (NYSEAMERICAN:SVT) Share Price Passes Above Fifty Day Moving Average – Here’s Why

Servotronics, Inc. (NYSEAMERICAN:SVT) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $10.40. Servotronics shares last traded at $10.23, with a volume of 4,261 shares trading hands.

Servotronics Price Performance

The company has a market cap of $26.09 million, a P/E ratio of 40.35 and a beta of 0.51.

Institutional Trading of Servotronics

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

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.