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Servotronics (AMEX:SVT) Stock, Option Chain

Servotronics

Servotronics Inc is a U.S based company that designs, manufactures, and markets servo valves, including torque motor, hydraulic, and pneumatic valves. The company has single reportable segment which is aerospace Its products are marketed and sold throughout the United States and in select foreign markets. These products are sold to commercial aviation manufacturers, government prime contractors, government subcontractors, and end-users.

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Servotronics, Inc. (AMEX:SVT), a leading manufacturer of servo-control components, delivered a robust performance in the second quarter of 2024, marked by a strong rebound in revenue and profitability.

Servotronics Earnings &amp; Revenues Increase Y/Y in Q2

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<h3>Gainers</h3>
<ul>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock rose 41.0% to $2.2 during Friday's pre-market session. The market value of their outstanding shares is at $14.0 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) shares increased by 15.13% to $0.74. The company's market cap stands at $107.4 million. </li>
<li>Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) stock moved upwards by 13.2% to $12.0. The company's market cap stands at $30.6 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares increased by 12.57% to $6.0. The market value of their outstanding shares is at $15.8 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) shares moved upwards by 12.12% to $3.33. The company's market cap stands at $185.7 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares rose 12.01% to $0.47. The market value of their outstanding shares is at $11.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Avalon Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AWX#AMEX">AWX</a>) shares decreased by 17.9% to $2.95 during Friday's pre-market session. The market value of their outstanding shares is at $11.5 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares decreased by 12.68% to $6.2. The company's market cap stands at $93.5 million. </li>
<li>Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) stock declined by 10.04% to $14.25. The company's market cap stands at $1.8 billion. As per the press release, Q1 earnings came out today. </li>
<li>W.W. Grainger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWW#NYSE">GWW</a>) shares fell 6.94% to $1048.0. The company's market cap stands at $51.0 billion. As per the news, the Q4 earnings report came out today. </li>
<li>TOMI Environmental Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOMZ#NASDAQ">TOMZ</a>) shares fell 6.62% to $0.92. The market value of their outstanding shares is at $18.4 million. </li>
<li>Globavend Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVH#NASDAQ">GVH</a>) stock declined by 5.75% to $0.63. The market value of their outstanding shares is at $9.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>UniFirst (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) stock moved upwards by 40.5% to $237.98 during Tuesday's pre-market session. The company's market cap stands at $4.4 billion. </li>
<li>CEA Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) stock moved upwards by 18.81% to $9.22. The company's market cap stands at $7.2 million. </li>
<li>Enovix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares moved upwards by 13.72% to $14.17. The company's market cap stands at $2.6 billion. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) stock increased by 11.24% to $2.77. The market value of their outstanding shares is at $150.0 million. </li>
<li>Zeo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) shares rose 10.03% to $2.85. The market value of their outstanding shares is at $39.5 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock increased by 9.42% to $2.67. The company's market cap stands at $4.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) stock decreased by 17.7% to $2.46 during Tuesday's pre-market session. The market value of their outstanding shares is at $29.1 million. </li>
<li>Samfine Creation Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFHG#NASDAQ">SFHG</a>) stock declined by 16.17% to $1.4. The company's market cap stands at $31.2 million. </li>
<li>Energous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WATT#NASDAQ">WATT</a>) shares decreased by 13.83% to $1.06. The market value of their outstanding shares is at $10.7 million. </li>
<li>Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) shares declined by 13.64% to $9.5. The company's market cap stands at $24.2 million. </li>
<li>GEE Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/JOB#AMEX">JOB</a>) shares fell 11.74% to $0.25. The market value of their outstanding shares is at $26.9 million. </li>
<li>Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) stock declined by 11.19% to $1.43. The company's market cap stands at $208.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BAER

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Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) reported quarterly losses of $(0.20) per share. This is a 122.22 percent decrease over losses of $(0.09) per share from the same period last year. The company reported $12.43 million in sales this quarter. This is a 7.32 percent increase over sales of $11.58 million the same period last year.

Servotronics Q3 EPS $(0.20) Down From $(0.09) YoY, Sales $12.43M Up From $11.58M YoY

Servotronics's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVT#NYSE">SVT</a>) short percent of float has risen 14.29% since its last report. The company recently reported that it has 9 thousand shares sold short, which is 0.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.02 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Servotronics Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724429715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Servotronics has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Servotronics's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Servotronics's peer group average for short interest as a percentage of float is 2.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Servotronics's Recent Short Interest

Servotronics, Inc.&nbsp;(AMEX:SVT), a leading manufacturer of servo-control components, delivered a robust performance in the second quarter of 2024, marked by a strong rebound in revenue and profitability. The company&#39;s results reflect the successful execution of strategic initiatives aimed at driving operational efficiency and meeting rising market demand, positioning Servotronics for sustained growth.
<div class="chart_embed">
<h3>Servotronics, Inc. Price, Consensus and EPS Surprise</h3>
<img alt="Servotronics, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b8/1723203551.png" style="height:265px; width:538px" title="" />
Servotronics, Inc. price-consensus-eps-surprise-chart | Servotronics, Inc. Quote
</div>
<h3>Q2 Results</h3>
Servotronics reported second-quarter 2024 earnings per share of 22 cents against a loss of $1.33 per share in the year-ago quarter.
Total quarterly revenues of $12.3 million increased 15.3% from $10.6 million in the prior-year quarter. This increase was primarily due to higher volumes from strong customer demand and improved pricing, though it was partially offset by an unfavorable sales mix.
<h3>Profitability</h3>
Gross profit reached $3.1 million, a significant increase from $1.6 million in the same period last year. The growth in gross profit was driven by increased volumes and operational efficiencies.
Operating income was $0.7 million, a significant improvement from the operating loss of $1.7 million in the second quarter of 2023. This was due to higher gross profit and lower SG&amp;A costs.
Net income from continuing operations was $0.6 million against a net loss of $3.3 million in the prior-year quarter.
Overall net income for second-quarter 2024 was $0.6 million against a net loss of $9.5 million in the second quarter of 2023. The prior year&#39;s figures were heavily impacted by losses from discontinued operations.
<h3>Costs</h3>
SG&amp;A expenses decreased $0.9 million to $2.4 million compared with $3.3 million in the second quarter of 2023. This reduction was primarily due to lower professional and legal costs, reflecting elevated non-recurring costs in the previous year related to bank refinancing, proxy contests, and corporate restructuring.
The cost of goods sold (COGS) slightly increased to $9.2 million from $9.1 million in the second quarter of 2023. The modest increase in COGS in absolute terms, combined with higher revenue, resulted in improved gross profit margins.
<h3>Cash and Debt</h3>
Servotronics saw a notable enhancement in its cash position and a reduction in debt levels. Cash and restricted cash totaled $0.27 million at the end of second-quarter 2024, up from $0.25 million at the beginning of the year. The company&#39;s line of credit was reduced to $1.473 million from $2.103 million at the end of 2023, reflecting a focused effort on debt repayment.
<h3>Management View</h3>
The company expressed confidence in its strategic positioning for long-term sustainable growth, emphasizing expected strong demand in key end markets for the remainder of the year and a commitment to meeting customer needs, which is anticipated to enhance shareholder value. The company also expressed satisfaction with its rebound from a slow start to the year, noting that continuous improvement efforts positively impacted top-line growth, margins, and operating income.
The company highlighted the improvements in cash flow from operations, which increased approximately $6.6 million compared to the same period in 2023, driven mainly by higher net income and reductions in accounts receivable despite increases in inventory to support volume growth. The decrease in SG&amp;A expenses significantly contributed to the improved operating income, with additional savings from lower non-recurring professional and legal costs compared to the previous year, leading to a marked improvement in overall profitability.
<a href="https://www.zacks.com/stock/news/2320241/servotronics-svt-earnings-revenues-increase-y-y-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320241">To read this article on Zacks.com click here.</a>

Servotronics Earnings & Revenues Increase Y/Y in Q2

Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) reported quarterly earnings of $0.22 per share. This is a 105.7 percent increase over losses of $(3.86) per share from the same period last year. The company reported $12.27 million in sales this quarter. This is a 15.25 percent increase over sales of $10.65 million the same period last year.

Servotronics Q2 EPS $0.22 Up From $(3.86) YoY, Sales $12.27M Up From $10.65M YoY

Servotronics Q1 2024 EPS $(0.16) Up From $(0.63) YoY; Revenue $10.4M Up From $9.1M YoY

Guidance

Servotronics Affirms FY24 Guidance

Servotronics Q4 EPS $0.15 Up From $(0.48) YoY, Sales $12.30M

Servotronics Names Harrison W. Kelly As Its New COO

Servotronics Expects FY24 Revenue Growth At Or Above Industry Growth Rates, Gross Margins Approaching Pre-Pandemic Levels

Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) reported quarterly losses of $(3.86) per share. This is a 1069.7 percent decrease over losses of $(0.33) per share from the same period last year. The company reported $10.60 million in sales this quarter. This is a 21.84 percent increase over sales of $8.70 million the same period last year.

Servotronics Q2 EPS $(3.86) Down From $(0.33) YoY, Sales $10.60M Up From $8.70M YoY

- SEC Filing
On July 10, 2023, Servotronics, Inc. (the &quot;Company&quot;) and its subsidiary, The Ontario Knife Company (&quot;OKC&quot;), entered into an Asset Purchase Agreement (the &quot;Asset Purchase Agreement&quot;) with Blue Ridge Knives, Inc. (the &quot;Buyer&quot;), pursuant to which, upon the terms and subject to the conditions thereto, Buyer has agreed to purchase substantially all of the inventory, intellectual property assets, tangible personal property and goodwill of OKC (the &quot;Business&quot;) for an aggregate purchase price of $2.1 million, subject to adjustment based on inventory values at closing (the &quot;Transaction&quot;).

Asset Sales

On July 10, Servotronics, Inc. And Its Subsidiary, The Ontario Knife Company Entered Into An Asset Purchase Agreement With Blue Ridge Knives, Inc, Pursuant To Which Buyer Has Agreed To Purchase Substantially All Of The Inventory For A Price Of Of $2.1M

Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) reported quarterly losses of $(0.63) per share. This is a 584.62 percent decrease over earnings of $0.13 per share from the same period last year. The company reported $10.80 million in sales this quarter. This is a 3.30 percent decrease over sales of $11.17 million the same period last year.

Servotronics Q1 EPS $(0.63) Down From $0.13 YoY, Sales $10.80M Down From $11.17M YoY

Servotronics, Inc. (NYSE American &ndash; SVT) a designer and manufacturer of servo-control components and other advanced technology products announced today that&nbsp;Robert Fraass&nbsp;has been appointed Chief Financial Officer of the Company effective&nbsp;May 1, 2023. He replaces&nbsp;Lisa F. Bencel&nbsp;who will be leaving the Company later in May to pursue other interests.
Mr. Fraass most recently comes from Stark Technologies Group, Inc. where he served as Senior Vice President of Finance &ndash; Corporate Controller &amp; Treasurer. He has also held several executive finance roles of increasing responsibility at PostProcess Technologies, Ivoclar Vivadent, Integer and Integrys Energy Services.
&quot;Rob is a seasoned professional who comes to Servotronics with over twenty years of experience developing financial strategies for sustainable growth, working collaboratively to achieve strategic goals and providing accurate and timely financial reporting,&quot; said&nbsp;William F. Farrell, Jr., Chief Executive Officer of Servotronics. &quot;We are delighted he is joining our organization and look forward to the addition of his strategic leadership to our executive team. We also want to thank Lisa for her dedication and contributions during the past six years, and wish her the very best of success in her future endeavors.&quot;&nbsp;
Mr. Fraass attended&nbsp;Bucknell University&nbsp;in&nbsp;Pennsylvania&nbsp;where he graduated with a Bachelor of Science degree in Business Administration and Accounting. He is a Certified Public Accountant, Certified Management Accountant and a Chartered Global Management Accountant.&nbsp;

Servotronics Appoints Robert Fraass As Chief Financial Officer Effective May 1, 2023

Servotronics Announces Strategic Vision To Maximize Long-Term Shareholder Value

Servotronics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SVT#AMEX">SVT</a>) reported quarterly losses of $(0.54) per share. This is a 42.11 percent decrease over losses of $(0.38) per share from the same period last year. The company reported $10.40 million in sales this quarter. This is a 1.47 percent decrease over sales of $10.55 million the same period last year.

Servotronics Q4 EPS $(0.54) Down From $(0.38) YoY, Sales $10.40M Down From $10.55M YoY

Servotronics, Inc. Announces Review Of Strategic Alternatives For Consumer Products Group

Servotronics Shareholder Star Equity Fund Nominates Six Candidates For Election To Board

-- The Board of Directors and Management Remain Committed to Maximizing Shareholder Value by Executing the Company&#39;s Strategic Plan --

Servotronics Responds To Star Equity's Communication

Press Releases

Servotronics Announces Fourth Quarter and Full-Year 2023 Financial Results

Servotronics Provides Investor Update on Strategic Vision to Maximize Long-Term Shareholder Value and Affirms 2024 Outlook

Servotronics Announces Improved First Quarter 2024 Financial Results

Servotronics Announces Death of Board Member Edward C. Cosgrove

Servotronics Announces Second Quarter 2024 Financial Results

Servotronics Announces Third Quarter 2024 Financial Results

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