Extremely significant positive changes in Servotronics Inc. (NYSEAMERICAN: SVT) investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Recent slight positive changes in fundamentals have benefitted Servotronics Inc. (NYSEAMERICAN: SVT): significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, SVT is expected to continue to be a modest Value Eraser.
Servotronics has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Servotronics has a very low Appreciation Score of 10 but a slightly positive Power Rating of 63, resulting in the Negative Value Trend Rating.
Recent Price Action
On 5/2/24, Servotronics Inc. (NYSEAMERICAN: SVT) stock rose modestly by 0.8%, closing at $13.00. Moreover, trading volume in this advance was above average at 147% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.6% during the last week.
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