Sparton Corp. (SPA) Shares Up 1.3%
Sparton Corp. (NYSE:SPA) shot up 1.3% on Friday . The stock traded as high as $24.25 and last traded at $23.39, with a volume of 62,275 shares traded. The stock had previously closed at $23.08.
Several brokerages have recently weighed in on SPA. B. Riley reaffirmed a “neutral” rating and issued a $15.00 target price on shares of Sparton Corp. in a research report on Thursday, May 5th. Sidoti downgraded Sparton Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 4th. Finally, Zacks Investment Research raised Sparton Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th.
The firm has a market cap of $230.82 million and a price-to-earnings ratio of 26.41. The company has a 50-day moving average of $22.04 and a 200-day moving average of $19.35.
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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