Today Sparton Corporation (SPA) Stock Reaches 52 Week Low

July 16, 2018 - By Victoria Pittman

Sparton Corporation (NYSE:SPA) Logo

Investors sentiment decreased to 1.24 in Q1 2018. Its down 0.26, from 1.5 in 2017Q4. It dropped, as 8 investors sold Sparton Corporation shares while 21 reduced holdings. 14 funds opened positions while 22 raised stakes. 6.22 million shares or 3.42% more from 6.01 million shares in 2017Q4 were reported.
75,680 were reported by Prelude Mngmt Lc. Millennium Ltd Company owns 37,948 shares or 0% of their US portfolio. Wolverine Asset Management Ltd Co has invested 0% in Sparton Corporation (NYSE:SPA). Strs Ohio reported 0% of its portfolio in Sparton Corporation (NYSE:SPA). Cannell Cap Ltd Liability has invested 0.63% in Sparton Corporation (NYSE:SPA). Goldman Sachs Gp Inc owns 31,280 shares or 0% of their US portfolio. Royal Commercial Bank Of Canada holds 27,590 shares. Vanguard Gru has invested 0% of its portfolio in Sparton Corporation (NYSE:SPA). Stone Ridge Asset Ltd Llc owns 22,170 shares. Cubist Systematic Strategies Ltd Liability Company holds 0.02% or 15,822 shares. Schwab Charles stated it has 0% in Sparton Corporation (NYSE:SPA). Tiaa Cref Inv Mgmt Lc, New York-based fund reported 57,804 shares. Dupont Capital Management accumulated 56,000 shares or 0.02% of the stock. Invesco Ltd holds 0% or 37,844 shares in its portfolio. State Street Corporation holds 0% or 211,146 shares.

The stock of Sparton Corporation (NYSE:SPA) hit a new 52-week low and has $15.54 target or 3.00 % below today’s $16.02 share price. The 7 months bearish chart indicates high risk for the $157.60M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $15.54 price target is reached, the company will be worth $4.73M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.35% or $0.56 during the last trading session, reaching $16.02. About 29,209 shares traded. Sparton Corporation (NYSE:SPA) has risen 2.62% since July 16, 2017 and is uptrending. It has underperformed by 9.95% the S&P500.

More news for Sparton Corporation (NYSE:SPA) were recently published by: Benzinga.com, which released: “41 Biggest Movers From Yesterday” on July 11, 2018. Businesswire.com‘s article titled: “ERAPSCO Protests Navy Decision to Exclude it from GFY19-23 Q-125A Sonobuoy Solicitation” and published on July 09, 2018 is yet another important article.

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The company has market cap of $157.60 million. The firm operates through two divisions, Manufacturing & Design Services , and Engineered Components & Products (ECP). It currently has negative earnings. The MDS segment is involved in the contract design, manufacture, and aftermarket repair and refurbishment of printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses, as well as development of embedded software and software quality assurance services in connection with medical devices and diagnostic equipment.

Sparton Corporation (NYSE:SPA) Institutional Positions Chart

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