Sparton Corp. (NYSE:SPA) shares fell 1.9% on Tuesday . The stock traded as low as $22.67 and last traded at $22.73, with a volume of 81,331 shares changing hands. The stock had previously closed at $23.17.

Several research firms have recently weighed in on SPA. B. Riley reiterated a “neutral” rating and issued a $15.00 price target on shares of Sparton Corp. in a report on Thursday, May 5th. Sidoti cut shares of Sparton Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 4th. Finally, Zacks Investment Research upgraded shares of Sparton Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday.

The company has a 50-day moving average of $20.60 and a 200 day moving average of $18.37. The firm has a market capitalization of $220.94 million and a price-to-earnings ratio of 25.27.

Sparton Corp. (NYSE:SPA) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. During the same quarter in the prior year, the firm posted $0.33 earnings per share. The firm earned $102.20 million during the quarter, compared to the consensus estimate of $105.16 million. The company’s revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Sparton Corp. will post $1.32 EPS for the current fiscal year.

Sparton Corporation, through its subsidiaries, provides design, development and manufacturing services for complex electromechanical devices, as well as sophisticated engineered products. The Company operates in two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP).

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