Servotronics (NYSEAMERICAN:SVT) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Servotronics, Inc. (NYSEAMERICAN:SVT) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $10.62 and traded as low as $10.16. Servotronics shares last traded at $10.29, with a volume of 271 shares traded.

Servotronics Price Performance

The company has a 50 day moving average of $10.62 and a 200-day moving average of $11.12. The company has a market cap of $26.24 million, a P/E ratio of 205.84 and a beta of 0.51.

Servotronics (NYSEAMERICAN:SVT) last issued its quarterly earnings results on Monday, March 17th. The conglomerate reported ($0.64) earnings per share (EPS) for the quarter. Servotronics had a net margin of 0.30% and a return on equity of 2.85%. During the same period in the prior year, the company posted ($4.37) EPS.

Institutional Trading of Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC grew its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,000 shares of the conglomerate’s stock after buying an additional 6,656 shares during the quarter. Courier Capital LLC owned 0.98% of Servotronics worth $265,000 at the end of the most recent quarter. 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.