CHARLOTTE, Mich., October 21, 2019 – Shares of Spartan Motors Inc. (NASDAQ: SPAR) gained 0.21% to $14.28. The stock grabbed the investor’s attention and traded 181.20K shares as compared to its average daily volume of 181.36K shares. The stock’s institutional ownership stands at 71.70%.
Spartan Motors, Inc. (SPAR) reported first-quarter earnings of $1.40M. The Charlotte, Michigan-based company said it had profit of 4 cents per share. The maker of chassis for fire trucks, RVs and other vehicles posted revenue of $234.0M in the period. Spartan Motors expects full-year earnings in the range of 57 cents to 65 cents per share, with revenue in the range of $865.0M to $905.0M.
SPAR has a market value of $503.37M while its EPS was booked as $0.34 in the last 12 months. The stock has 35.25M shares outstanding. In the profitability analysis, the company has gross profit margin of 10.80% while net profit margin was 1.30%. Beta value of the company was 1.39; beta is used to measure riskiness of the security.