Sparton Corp. (SPA) Trading Up 4.6%
Shares of Sparton Corp. (NYSE:SPA) were up 4.6% during mid-day trading on Friday . The company traded as high as $23.47 and last traded at $23.29, with a volume of 63,457 shares trading hands. The stock had previously closed at $22.26.
A number of analysts have issued reports on SPA shares. Sidoti downgraded shares of Sparton Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, May 4th. 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. Finally, Zacks Investment Research downgraded shares of Sparton Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.
The firm has a market cap of $227.79 million and a PE ratio of 26.06. The firm has a 50 day moving average price of $21.93 and a 200-day moving average price of $19.06.
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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