Servotronics, Inc. (NYSEAMERICAN:SVT – Get Rating) saw a significant decline in short interest in December. As of December 30th, there was short interest totalling 3,600 shares, a decline of 18.2% from the December 15th total of 4,400 shares. Based on an average daily trading volume, of 4,300 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, TheStreet lowered shares of Servotronics from a "b-" rating to a "c-" rating in a research report on Thursday, December 1st.
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Servotronics Price Performance
SVT traded up $0.37 during trading hours on Friday, hitting $11.87. 975 shares of the company's stock were exchanged, compared to its average volume of 3,223. Servotronics has a 12-month low of $9.47 and a 12-month high of $14.90. The company has a market cap of $29.67 million, a P/E ratio of -16.72 and a beta of 0.68. The company has a quick ratio of 2.55, a current ratio of 5.40 and a debt-to-equity ratio of 0.01.
Servotronics (NYSEAMERICAN:SVT – Get Rating) last announced its earnings results on Monday, November 14th. The conglomerate reported ($0.13) earnings per share for the quarter. Servotronics had a negative return on equity of 4.86% and a negative net
margin of 3.89%. The business had revenue of $10.99 million for the quarter.
Insider Buying and Selling at Servotronics
In other news, major shareholder Brent D. Baird acquired 6,661 shares of the business's stock in a transaction on Tuesday, January 17th. The stock was bought at an average price of $11.00 per share, with a total value of $73,271.00. Following the completion of the acquisition, the insider now owns 268,661 shares of the company's stock, valued at $2,955,271. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Brent D. Baird acquired 6,661 shares of the business's stock in a transaction on Tuesday, January 17th. The stock was bought at an average price of $11.00 per share, with a total value of $73,271.00. Following the completion of the acquisition, the insider now owns 268,661 shares of the company's stock, valued at $2,955,271. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Of Nicholas D. Trbovich Estate sold 294,643 shares of Servotronics stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $11.20, for a total transaction of $3,300,001.60. Following the completion of the sale, the insider now owns 99,175 shares in the company, valued at approximately $1,110,760. The disclosure for this sale can be found here. Over the last quarter, insiders bought 9,015 shares of company stock valued at $99,345. Corporate insiders own 29.70% of the company's stock.
About Servotronics
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Servotronics, Inc designs, manufactures, and markets control components and consumer products in the United States and internationally. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment provides servo-control components to the commercial aerospace, aircraft, and government related industries; and medical and industrial markets.
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