Spark Power Group (TSE:SPG) Hits New 12-Month Low at $1.19

Spark Power Group Inc. (TSE:SPG)’s share price reached a new 52-week low on Friday . The company traded as low as C$1.19 and last traded at C$1.19, with a volume of 3879 shares traded. The stock had previously closed at C$1.21.

A number of research firms have weighed in on SPG. Cormark cut their target price on shares of Spark Power Group from C$3.00 to C$2.25 in a research report on Thursday, August 22nd. Canaccord Genuity lowered shares of Spark Power Group from a “buy” rating to a “speculative buy” rating and cut their target price for the stock from C$3.00 to C$2.25 in a research report on Wednesday. Finally, Desjardins reaffirmed a “buy” rating on shares of Spark Power Group in a research report on Tuesday, June 25th.

The company’s 50-day moving average price is C$1.49. The company has a market capitalization of $57.26 million and a price-to-earnings ratio of -1.95. The company has a debt-to-equity ratio of 356.78, a quick ratio of 0.90 and a current ratio of 1.06.

About Spark Power Group (TSE:SPG)

Spark Power Group Inc provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets.

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