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.

A hedge fund recently bought a new stake in XpresSpa Group stock. BlackRock Inc. bought a new position in XpresSpa Group Inc (NASDAQ:XSPA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned 1.13% of XpresSpa Group as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 12.16% of the company’s stock.

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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