Spartan Motors Inc. (SPAR) Reaches New 1-Year High at $9.95
Spartan Motors Inc. (NASDAQ:SPAR)’s share price hit a new 52-week high on Monday . The stock traded as high as $9.95 and last traded at $9.79, with a volume of 189,400 shares changing hands. The stock had previously closed at $9.79.
SPAR has been the subject of several analyst reports. Zacks Investment Research downgraded Spartan Motors from a “buy” rating to a “hold” rating in a report on Saturday, July 30th. Craig Hallum initiated coverage on Spartan Motors in a report on Tuesday, July 26th. They set a “buy” rating for the company.
The firm’s 50-day moving average is $8.73 and its 200 day moving average is $6.02. The company’s market capitalization is $337.08 million.
Spartan Motors (NASDAQ:SPAR) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.11. During the same quarter in the previous year, the firm earned $0.03 EPS. The business had revenue of $162.50 million for the quarter, compared to analysts’ expectations of $152.65 million. Spartan Motors’s revenue was up 12.2% compared to the same quarter last year. Analysts anticipate 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 transaction of $35,493.72. Following the completion of the transaction, the director now owns 76,883 shares in the company, valued at approximately $698,097.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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