Servotronics (NYSEAMERICAN:SVT) Trading Up 5% – What’s Next?

Posted by Trevor Kearing on Nov 20th, 2024

Servotronics, Inc. (NYSEAMERICAN:SVT – Get Free Report) shares shot up 5% during trading on Wednesday . The stock traded as high as $11.63 and last traded at $11.63. 322 shares were traded during mid-day trading, a decline of 92% from the average session volume of 4,027 shares. The stock had previously closed at $11.08.

Servotronics Price Performance

The stock has a market cap of $29.66 million, a price-to-earnings ratio of 232.65 and a beta of 0.54.

Insiders Place Their Bets

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 transaction of $43,925.00. Following the sale, the insider now directly owns 13,113 shares of the company’s stock, valued at approximately $164,568.15. This represents a 21.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 33.90% of the company’s stock.

Institutional Investors Weigh In On Servotronics

A hedge fund recently raised its stake in Servotronics stock. Oppenheimer & Close LLC raised its holdings in shares of Servotronics, Inc. (NYSEAMERICAN:SVT – Free Report) by 11.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 120,727 shares of the conglomerate’s stock after acquiring an additional 12,633 shares during the period. Servotronics makes up 1.3% of Oppenheimer & Close LLC’s holdings, making the stock its 27th largest position. Oppenheimer & Close LLC owned 4.73% of Servotronics worth $1,437,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.77% of the company’s stock.

Servotronics Company Profile

(Get Free Report)

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.