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Insider Selling: Servotronics, Inc. (NYSEAMERICAN:SVT) Major Shareholder Sells $3,300,001.60 in Stock

Financial News Live ·  Dec 15, 2022 04:22

Servotronics, Inc. (NYSEAMERICAN:SVT – Get Rating) major shareholder Of Nicholas D. Trbovich Estate sold 294,643 shares of Servotronics stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $11.20, for a total transaction of $3,300,001.60. Following the transaction, the insider now directly owns 99,175 shares in the company, valued at approximately $1,110,760. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Servotronics Stock Performance

Shares of SVT stock opened at $10.41 on Thursday. 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, Inc. has a 12-month low of $9.47 and a 12-month high of $14.90. The company has a market cap of $26.01 million, a PE ratio of -14.66 and a beta of 0.67.

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Wall Street Analyst Weigh In

Separately, TheStreet cut shares of Servotronics from a "b-" rating to a "c-" rating in a research report on Thursday, December 1st.

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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