Spartan Motors Inc. (SPAR) Hits New 12-Month High at $9.41
Spartan Motors Inc. (NASDAQ:SPAR) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $9.41 and last traded at $9.28, with a volume of 156,496 shares changing hands. The stock had previously closed at $9.11.
SPAR has been the topic of several analyst reports. Zacks Investment Research cut Spartan Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 30th. Craig Hallum initiated coverage on Spartan Motors in a research report on Tuesday, July 26th. They set a “buy” rating on the stock. Finally, TheStreet raised Spartan Motors from a “sell” rating to a “hold” rating in a research report on Monday, April 18th.
The stock’s 50-day moving average is $7.36 and its 200 day moving average is $5.26. The company’s market cap is $317.80 million.
Spartan Motors (NASDAQ:SPAR) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.11. The business had revenue of $162.50 million for the quarter, compared to the consensus estimate of $152.65 million. During the same period in the previous year, the company earned $0.03 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Equities analysts forecast that Spartan Motors Inc. will post $0.32 EPS for the current year.
A hedge fund recently raised its stake in Spartan Motors stock. Royce & Associates LLC raised its position in shares of Spartan Motors Inc. (NASDAQ:SPAR) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,733,062 shares of the company’s stock after buying an additional 228,525 shares during the period. Royce & Associates LLC owned approximately 5.06% of Spartan Motors worth $5,390,000 as of its most recent filing with the SEC.
Spartan Motors, Inc is an engineer and manufacturer in the heavy-duty, custom vehicles marketplace. The Company operates through three segments: Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. The Company’s Emergency Response Vehicles segment engineers and manufactures emergency response chassis, emergency response bodies and aerial equipment.
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