XpresSpa Group Inc (NASDAQ:XSPA) shares shot up 6.7% on Wednesday . The company traded as high as $0.17 and last traded at $0.16. 1,413,363 shares traded hands during trading, an increase of 215% from the average session volume of 448,946 shares. The stock had previously closed at $0.15.
Separately, Zacks Investment Research lowered XpresSpa Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 28th.
The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.04 million, a price-to-earnings ratio of -0.20 and a beta of -0.81.
XpresSpa Group (NASDAQ:XSPA) last posted its earnings results on Tuesday, August 14th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). The company had revenue of $13.04 million for the quarter, compared to analysts’ expectations of $13.88 million. XpresSpa Group had a negative net margin of 84.97% and a negative return on equity of 38.12%. Analysts predict that XpresSpa Group Inc will post -0.49 earnings per share for the current year.
An institutional investor recently bought a new position in XpresSpa Group stock. BlackRock Inc. acquired a new position in shares of XpresSpa Group Inc (NASDAQ:XSPA) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned approximately 1.13% of XpresSpa Group at the end of the most recent quarter. 12.15% of the stock is owned by institutional investors.
XpresSpa Group Company Profile (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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