Stock Rating Upgrade
The Value Trend Rating for Servotronics Inc. (NYSEAMERICAN: SVT) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Servotronics Inc. (NYSEAMERICAN: SVT) stock enjoyed a very large increase of 5.7% on 4/8/24. The shares closed at $12.79. Moreover, this advance was accompanied by exceptionally high trading volume at 549% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.0% during the last week.
Current PriceTarget Research Rating
SVT is expected to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
Servotronics has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Servotronics has a poor Appreciation Score of 27 but a slightly positive Power Rating of 62, and the Low Neutral Value Trend Rating results.
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