Spartan Motors Inc. (SPAR) Hits New 12-Month High at $9.88
Spartan Motors Inc. (NASDAQ:SPAR) hit a new 52-week high on Tuesday . The stock traded as high as $9.88 and last traded at $9.88, with a volume of 128,053 shares traded. The stock had previously closed at $9.57.
Several equities research analysts have weighed in on SPAR shares. Craig Hallum started coverage on Spartan Motors in a report on Tuesday, July 26th. They set a “buy” rating on the stock. Zacks Investment Research raised Spartan Motors from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a report on Saturday, May 7th.
The company’s 50-day moving average price is $8.59 and its 200 day moving average price is $5.96. The firm’s market cap is $339.49 million.
Spartan Motors (NASDAQ:SPAR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.11. The firm had revenue of $162.50 million for the quarter, compared to analyst estimates of $152.65 million. During the same period in the previous year, the business posted $0.03 EPS. Spartan Motors’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that Spartan Motors Inc. will post $0.32 EPS for the current fiscal year.
In related news, Director Kenneth Kaczmarek sold 3,909 shares of the business’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 sale, the director now owns 76,883 shares of the company’s stock, valued at approximately $698,097.64. The sale was disclosed in a legal filing with the SEC, which is available through this link.
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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