Sparton Corp shares had a trading volume of 290K in the last trading session. Overall, volume was up 170.40% over the stocks normal daily volume.
Traders are feeling more bullish on the company as shown by the fall in short interest. The firm recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -40.66%. Short shares fell 25,799 over that period. The days to cover decreased to 1.0 and the percentage of shorted shares is 0.00% as of October 13.
The following firms have recently changed their position in SPA. Aqr Capital Management LLC reduced its investment by shedding 44,407 shares a decrease of 66.3% in the quarter. Aqr Capital Management LLC controls 22,593 shares with a value of $524,000. The value of the position overall is down by 64.4%. As of the end of the quarter A.r. Schmeidler & Co., Inc. had sold a total of 4,594 shares trimming its holdings by 15.5%. The value of the investment in (SPA) went from $653,000 to $583,000 decreasing 10.7% for the reporting period.
D. E. Shaw & CO., Inc. divested its holdings by selling 19,073 shares a decrease of 34.1% from 06/30/2017 to 09/30/2017. D. E. Shaw & CO., Inc. owns 36,830 shares worth $855,000. The total value of its holdings decreased 30.4%. State Street Corp expanded its stake by buying 3,800 shares an increase of 2.1%. State Street Corp now controls 188,533 shares valued at $4,379,000. The total value of its holdings increased 7.8%.
In the market the company is trading unchanged since yesterday’s close of 23.27. The company currently has a P/E ratio of N/A and the market cap of the company is 228.90M. In the last earnings report the EPS was $-0.17 with 9.83M shares outstanding.
Sparton Corporation, launched on December 29, 1919, 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. The Business’s 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, sensors and electromechanical components, as well as development and design engineering services relating to these product sales. The Company develops and manufactures sonobuoys and anti-submarine warfare (ASW) devices used by the United States Navy, as well as by foreign governments that meet Department of State licensing requirements. The Company also manufactures rugged flat panel display systems for military panel personal computer workstations, air traffic control and industrial applications, as well as industrial grade computer systems and peripherals..