Spartan Motors Inc. (SPAR) Trading 1.5% Higher
Spartan Motors Inc. (NASDAQ:SPAR) shares traded up 1.5% during trading on Wednesday . The company traded as high as $9.51 and last traded at $9.51, with a volume of 187,764 shares trading hands. The stock had previously closed at $9.37.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Spartan Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 27th. Craig Hallum started coverage on shares of Spartan Motors in a research report on Tuesday, July 26th. They issued a “buy” rating on the stock.
The stock has a 50-day moving average price of $8.23 and a 200-day moving average price of $5.72. The firm’s market cap is $327.44 million.
Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.11. During the same quarter in the previous year, the business earned $0.03 EPS. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $152.65 million. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. Analysts anticipate that Spartan Motors Inc. will post $0.32 earnings per share for the current year.
In related news, Director Kenneth Kaczmarek sold 3,909 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $9.08, for a total value of $35,493.72. Following the transaction, the director now owns 76,883 shares in the company, valued at $698,097.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
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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