Take note of This News: Spartan Motors, Inc. (NASDAQ: SPAR)

Business News

On 01 Nov 2019, Spartan Motors, Inc. (NASDAQ: SPAR) noted positive move of 5.67% in recent trading period with closing price of $18.46. The company traded 739402 shares compared to an average volume of 197.93K shares. During the twelve month it rose at 174.29% and year to date performance of 155.33%. The corporation added at 16.25% in past week and climbed with 34.25% in one month. During the past three-month period the stock surged of 45.01% and increased at 91.69% in past six month.

Spartan Motors, Inc. (SPAR) recently reported that its Board of Directors reported a cash dividend of $0.05 per share of ordinary stock.   he Michigan-based manufacturer stated that its semi-yearly dividend will be payable on or before December 16, 2019, to shareholders of record at the close of business on November 14, 2019.

“On behalf of Spartan Motors’ Board of Directors, I am happy to announce the declaration of this semi-yearly dividend – a practice we have been proud to continue since 1993,” stated Daryl Adams, Chief Executive Officer of Spartan Motors.  “This commitment to returning cash to our shareholders reflects the Board’s confidence in Spartan’s long-term planned objectives which will continue to enhance shareholder value.”

Spartan Motors has PEG ratio of 2.71 and price to cash ratio of 36.42. In the profitability analysis, net profit margin of the firm was recorded at 1.30% and operating profit margin was calculated at 1.50% while gross profit margin was measured as 10.80%. Beta factor, which measures the riskiness of the security, was registered at 1.39.