Spark Power Group (TSE:SPG) Given Buy Rating at Desjardins

Desjardins reissued their buy rating on shares of Spark Power Group (TSE:SPG) in a report released on Tuesday, June 25th, reports. Desjardins also issued estimates for Spark Power Group’s Q2 2019 earnings at $0.06 EPS, Q3 2019 earnings at $0.09 EPS, Q4 2019 earnings at $0.07 EPS, FY2019 earnings at $0.20 EPS and FY2020 earnings at $0.20 EPS.

TSE SPG traded up C$0.01 during trading hours on Tuesday, reaching C$1.85. 900 shares of the company’s stock traded hands, compared to its average volume of 11,487. Spark Power Group has a 52-week low of C$1.28 and a 52-week high of C$3.40. The stock has a market cap of $83.11 million and a P/E ratio of -2.30. The company has a debt-to-equity ratio of 313.40, a current ratio of 1.15 and a quick ratio of 0.94.

Spark Power Group (TSE:SPG) last announced its earnings results on Tuesday, May 14th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$34.27 million for the quarter. Research analysts expect that Spark Power Group will post 0.24 earnings per share for the current fiscal year.

Spark Power Group Company Profile

Spark Power Group Inc provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets.

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