TheStreet downgraded shares of Sparton (NYSE:SPA) from a c- rating to a d+ rating in a research note released on Friday.

Shares of Sparton (SPA) opened at $23.18 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.69 and a debt-to-equity ratio of 1.23. Sparton has a 12 month low of $16.83 and a 12 month high of $24.90. The company has a market capitalization of $227.77, a PE ratio of 33.09 and a beta of 1.32.

Sparton (NYSE:SPA) last released its quarterly earnings results on Thursday, November 9th. The electronics maker reported ($0.29) EPS for the quarter. Sparton had a negative net margin of 0.43% and a positive return on equity of 8.52%. The business had revenue of $82.76 million during the quarter.

Several large investors have recently made changes to their positions in SPA. Fondren Management LP purchased a new position in shares of Sparton in the second quarter worth about $110,000. SG Americas Securities LLC purchased a new position in shares of Sparton in the second quarter worth about $119,000. The Manufacturers Life Insurance Company raised its stake in shares of Sparton by 14.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,355 shares of the electronics maker’s stock worth $183,000 after purchasing an additional 1,080 shares during the last quarter. Citigroup Inc. raised its stake in shares of Sparton by 4,440.8% in the second quarter. Citigroup Inc. now owns 8,673 shares of the electronics maker’s stock worth $190,000 after purchasing an additional 8,482 shares during the last quarter. Finally, Thrivent Financial For Lutherans purchased a new position in shares of Sparton in the second quarter worth about $220,000. Hedge funds and other institutional investors own 67.54% of the company’s stock.

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About Sparton

Sparton Corporation 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).

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