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

Servotronics, Inc. (NYSEAMERICAN:SVT)’s share price crossed 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 traded.

Servotronics Trading Down 6.6 %

The stock has a market capitalization of $26.09 million, a PE ratio of 40.35 and a beta of 0.51.

Hedge Funds Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC boosted its stake in Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,344 shares of the conglomerate’s stock after purchasing an additional 8,344 shares during the quarter. Courier Capital LLC owned about 0.72% of Servotronics worth $207,000 as of its most recent filing with the SEC. 24.77% of the stock is 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.