Barrington Research Maintains Spartan Motors Market Perform
Barrington Research maintained its Spartan Motors (NASDAQ: SPAR) Market Perform rating in a research report published today.
In the report, Barrington Research stated, "Q1/12 profits were better than expected due to execution of the company's aftermarket parts strategy. However, 2012 continues to be a transition year with heavy investment into new products, production relocations and capital improvements. As a result, 2012 cash flow and returns will be low; and quarterly earnings will be clouded by restructuring charges."
Shares of Spartan Motors closed today at $4.92, up 13.10% from Monday's market close.
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