XpresSpa Group (XSPA) Sees Unusually-High Trading Volume Following Better-Than-Expected Earnings
XpresSpa Group Inc (NASDAQ:XSPA) saw unusually-strong trading volume on Thursday following a better than expected earnings announcement. Approximately 13,224,219 shares traded hands during mid-day trading, an increase of 1,715% from the previous session’s volume of 728,534 shares.The stock last traded at $0.20 and had previously closed at $0.18.
The company reported ($0.11) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. XpresSpa Group had a negative net margin of 84.97% and a negative return on equity of 38.12%. The company had revenue of $12.92 million during the quarter, compared to analysts’ expectations of $13.28 million.
Separately, Zacks Investment Research upgraded shares of XpresSpa Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th.
The company has a market capitalization of $4.13 million, a P/E ratio of -0.27 and a beta of -0.99. The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39.
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About XpresSpa Group (NASDAQ:XSPA)
XpresSpa Group, Inc operates as a health and wellness services company in the United States and internationally. It operates through two segments, Wellness and Intellectual Property. The Wellness segment offers airport retailer spa services; massage services for the neck, back, feet, and whole body; nail care, such as pedicures, manicures, and polish changes; travel products, including neck pillows, blankets, and massage tools; and cryotherapy, compression, and personal care services, as well as retail products.
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