Surge Component (OTCMKTS:SPRS) Shares Cross Below 50 Day Moving Average – Here’s Why

Surge Component (OTCMKTS:SPRS)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.47 and traded as low as $3.44. Surge Component shares last traded at $3.44, with a volume of 108 shares traded.

Surge Component Stock Down 3.1%

The company has a market cap of $20.06 million, a P/E ratio of 19.11 and a beta of 0.30. The company has a 50 day moving average price of $3.47 and a 200-day moving average price of $3.33.

Surge Component (OTCMKTS:SPRS) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Surge Component had a return on equity of 4.98% and a net margin of 2.80%.The business had revenue of $8.19 million during the quarter.

Surge Component Company Profile

Surge Components, Inc, together with its subsidiaries, supplies electronic products and components. It offers capacitors, which are electrical energy storage devices; and discrete semiconductor components, such as rectifiers, transistors, diodes, circuit protection devices, and audible components comprising audible transducers, Piezo buzzers, speakers, and microphones. The company also provides resonators, alarms, chimes, filters, and discriminators, as well as fuses, printed circuit boards, and switches.