Sparton Corporation (NYSE:SPA) has been downgraded from Market Outperform to Market Perform in a statement by CJS Securities earlier today.
- Updated: September 20, 2016
CJS Securities has downgraded Sparton Corporation(NYSE:SPA) from Market Outperform to Market Perform in a statement released on 9/20/2016.
Yesterday Sparton Corporation (NYSE:SPA) traded 0.40% higher at $24.83. SPA’s 50-day average is $22.88 and its two hundred day average is $20.47. With the last close up 21.79% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. Trading volume was down over the average, with 20,293 shares of SPA changing hands under the typical 67,942 shares..
See Chart Below:
Sparton Corporation has a one-year low of $11.19 and a 52 week high of $25.60 . SPA’s market capitalization is presently $0.0.
A total of 5 firms have reported on SPA. Three analysts rate the company a strong buy, one firm rate the company a buy, two firms rate the stock a hold, 0 rate the stock to underperform, and finally 0 analystsrate the stock as sell with a 12-month target stock price of $23.60
Brief Synopsis About Sparton Corporation (NYSE:SPA)
Sparton Corporation is a provider of design, development and manufacturing services for electromechanical devices, as well as engineered products complementary to the same electromechanical value stream. The Company operates through two segments: Manufacturing & Design Services (MDS) and Engineered Components & Products (ECP). The Company serves the medical and biotechnology, military and aerospace, and industrial and commercial markets. Its products and services include offerings for original equipment manufacturers (OEM) and emerging technology (ET) customers, which utilize microprocessor-based systems, such as transducers, printed circuit boards and assemblies, and sensors, as well as development and design engineering services. It develops and manufactures sonobuoys, which are anti-submarine warfare (ASW) devices. The Company also manufactures rugged flat panel display systems for military panel personal computer workstations, and air traffic control and industrial applications.
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