Sparton Corp. (SPA) Stock Price Up 5.5%
Shares of Sparton Corp. (NYSE:SPA) rose 5.5% on Monday . The stock traded as high as $22.06 and last traded at $21.95, with a volume of 70,643 shares trading hands. The stock had previously closed at $20.81.
Several brokerages recently issued reports on SPA. Zacks Investment Research raised shares of Sparton Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 6th. B. Riley reissued a “neutral” rating and set a $15.00 price objective on shares of Sparton Corp. in a report on Tuesday, May 10th. Finally, Sidoti lowered shares of Sparton Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 4th.
The stock has a 50-day moving average of $21.33 and a 200-day moving average of $18.62. The stock has a market cap of $214.87 million and a price-to-earnings ratio of 24.58.
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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