Servotronics (NYSEAMERICAN:SVT) Trading Up 1.4% – Here’s What Happened

Posted by Trevor Kearing on Dec 13th, 2024

Servotronics, Inc. (NYSEAMERICAN:SVT – Get Free Report) was up 1.4% during mid-day trading on Friday . The company traded as high as $10.72 and last traded at $10.72. Approximately 1,312 shares changed hands during trading, a decline of 66% from the average daily volume of 3,872 shares. The stock had previously closed at $10.57.

Servotronics Stock Up 1.4 %

The stock has a market cap of $27.34 million, a PE ratio of 214.44 and a beta of 0.50.

Hedge Funds Weigh In On Servotronics

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

About Servotronics

(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.