Sparta Commercial Services (OTCMKTS:SRCO) Announces Earnings Results

Sparta Commercial Services (OTCMKTS:SRCO) posted its earnings results on Monday. The financial services provider reported ($0.01) earnings per share for the quarter, Zacks reports. The business had revenue of $0.09 million during the quarter.

Sparta Commercial Services Stock Performance

Shares of OTCMKTS SRCO traded down $0.01 during midday trading on Tuesday, hitting $0.08. 10,040 shares of the company’s stock traded hands, compared to its average volume of 35,632. The firm has a fifty day moving average of $0.11 and a 200 day moving average of $0.12. Sparta Commercial Services has a 1 year low of $0.07 and a 1 year high of $0.29. The stock has a market capitalization of $4.42 million, a price-to-earnings ratio of -2.09 and a beta of -0.35.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.