Notable Stock News to Watch: Spartan Motors Inc. (NASDAQ:SPAR)

Spartan Motors Inc. (NASDAQ:SPAR) spotted trading -10.51% off 52-week high price. On the other end, the stock has been noted 120.97% away from the low price over the last 52-weeks. The stock changed -1.26% to recent value of $17.28. The stock transacted 190764 shares during most recent day however it has an average volume of 286.27K shares. The company has 33.75M of outstanding shares and 30.67M shares were floated in the market.

On Jan. 27, 2020, Spartan Motors Inc. (NASDAQ:SPAR) the North American leader in specialty vehicle manufacturing and assembly for the commercial and retail vehicle industries (including last-mile delivery, specialty vehicles, commercial vehicle assembly and vocation-specific upfit segments), as well as for the emergency response and recreational vehicle markets, released the appointment of its incoming chief financial officer, Jonathan C. Douyard, effective no later than March 31, 2020.

We are pleased to announce the appointment of Jon Douyard as CFO of Spartan Motors, said Daryl Adams, president and chief executive officer, Spartan Motors. Jon is a highly respected, results-oriented executive with nearly 20 years of experience with a track record of delivering strong operating results, building high-performing finance organizations, and driving continuous improvement throughout organizations. We are excited to have him join our leadership team and hit the ground running to help us accelerate profitable growth.

Douyard most recently served as the vice president of finance and CFO of Fluke Corporation, an operating company within Fortive, a Danaher Industrial spin-off. In his role, he oversaw the finance and IT functions at Fluke. He has experience building and leading teams, executing corporate strategy and completing strategic acquisitions. Prior to joining Fluke, he held key financial leadership positions at Sikorsky Aircraft, a United Technologies Company; and General Electric. Douyard holds a Bachelor of Science in finance from Bentley University.

Its earnings per share (EPS) expected to touch remained -21.10% for this year while earning per share for the next 5-years is expected to reach at 20.00%. SPAR has a gross margin of 11.70% and an operating margin of 2.10% while its profit margin remained 1.70% for the last 12 months.

According to the most recent quarter its current ratio was 1.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -2.44% from the mean of 20 days, -2.59% from mean of 50 days SMA and performed 30.43% from mean of 200 days price. Company’s performance for the week was -4.58%, -7.15% for month and YTD performance remained -4.42%.

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