Servotronics, Inc. (NYSEAMERICAN:SVT – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,200 shares, a decline of 35.3% from the February 28th total of 3,400 shares. Based on an average trading volume of 1,400 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.3% of the company’s shares are sold short.
Servotronics Stock Performance
Shares of Servotronics stock traded up $0.15 on Monday, hitting $10.60. The stock had a trading volume of 501 shares, compared to its average volume of 3,107. Servotronics has a one year low of $10.16 and a one year high of $13.75. The firm has a 50-day moving average of $10.75. The firm has a market cap of $27.03 million, a PE ratio of 212.04 and a beta of 0.51.
Servotronics (NYSEAMERICAN:SVT – Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The conglomerate reported ($0.64) earnings per share (EPS) for the quarter. Servotronics had a return on equity of 2.85% and a net margin of 0.30%. During the same quarter in the prior year, the business posted ($4.37) earnings per share.
Hedge Funds Weigh In On Servotronics
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.
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