Servotronics (NYSEAMERICAN:SVT) Shares Up 1.4% – Here’s Why

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

Servotronics Stock Performance

The firm has a market cap of $27.34 million, a PE ratio of 39.70 and a beta of 0.50.

Institutional Trading of Servotronics

A hedge fund recently raised its stake in Servotronics stock. Courier Capital LLC lifted its stake in shares of Servotronics, Inc. (NYSEAMERICAN:SVT) by 83.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission. Institutional investors own 24.77% of the company’s stock.

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.