Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Servotronics Inc. (NYSEAMERICAN: SVT) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 4/12/24, Servotronics Inc. (NYSEAMERICAN: SVT) stock declined by -4.7%, closing at $12.20. However, exceptionally low trading volume at 29% of normal accompanied the decline. The stock has declined -3.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SVT is expected to continue 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Servotronics has a very low Appreciation Score of 10 but a slightly positive Power Rating of 63, and the Negative Value Trend Rating results.
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