Sparton Corp. (NYSE:SPA)’s share price shot up 4.6% during trading on Friday . The company traded as high as $23.47 and last traded at $23.29, with a volume of 63,457 shares. The stock had previously closed at $22.26.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Sparton Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Sidoti lowered Sparton Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 4th. Finally, B. Riley reiterated a “neutral” rating and issued a $15.00 price target on shares of Sparton Corp. in a research note on Thursday, May 5th.

The stock has a 50 day moving average price of $21.93 and a 200 day moving average price of $19.06. The firm has a market capitalization of $227.79 million and a price-to-earnings ratio of 26.06.

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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