Spartan Motors Inc (NASDAQ:SPAR) CEO Daryl M. Adams sold 12,500 shares of Spartan Motors stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $11.88, for a total value of $148,500.00. Following the sale, the chief executive officer now owns 627,175 shares of the company’s stock, valued at approximately $7,450,839. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ:SPAR traded down $0.09 during mid-day trading on Friday, reaching $11.86. The stock had a trading volume of 6,084 shares, compared to its average volume of 127,728. The firm has a 50 day moving average price of $12.14 and a two-hundred day moving average price of $9.99. The stock has a market capitalization of $415.03 million, a P/E ratio of 24.90 and a beta of 1.46. Spartan Motors Inc has a one year low of $6.70 and a one year high of $16.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.13 and a current ratio of 1.61.
Spartan Motors (NASDAQ:SPAR) last released its earnings results on Thursday, August 1st. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.01). Spartan Motors had a return on equity of 8.65% and a net margin of 1.27%. The firm had revenue of $247.94 million during the quarter, compared to the consensus estimate of $235.60 million. Research analysts forecast that Spartan Motors Inc will post 0.74 earnings per share for the current year.
A number of research firms recently weighed in on SPAR. Zacks Investment Research downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, July 25th. Roth Capital restated a “buy” rating on shares of Spartan Motors in a research report on Friday, May 24th. ValuEngine upgraded Spartan Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Craig Hallum boosted their target price on Spartan Motors from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, BidaskClub downgraded Spartan Motors from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.00.
About Spartan Motors
Spartan Motors, Inc, through its subsidiaries, engineers, manufactures, assembles, and sells specialty and heavy-duty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles.
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