Spartan Motors Inc. (SPAR) saw a big move last session, as the company’s shares fell over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SPAR, as the stock is now down over 9% in the past one-month time frame.
The designer and manufacturer of specialty chassis, specialty vehicles and truck bodies, has seen a mixed track record when it comes to current year estimate revisions over the past few weeks with no change, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SPAR currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include China Automotive Systems Inc. (CAAS), Gentherm Incorporated (THRM) and Tower International, Inc. (TOWR). All these stocks hold a Zacks Rank #1 (Strong Buy).
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SPARTAN MOTORS INC (SPAR): Free Stock Analysis Report
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