Surge Component (OTCMKTS:SPRS) Releases Quarterly Earnings Results

Surge Component (OTCMKTS:SPRS) posted its quarterly earnings results on Wednesday. The company reported $0.04 EPS for the quarter, Zacks reports. Surge Component had a return on equity of 6.24% and a net margin of 3.53%. The business had revenue of $10.09 million during the quarter.

Surge Component Stock Performance

SPRS stock opened at $3.99 on Thursday. The company’s 50-day moving average price is $3.99 and its 200 day moving average price is $3.72. Surge Component has a 52 week low of $2.59 and a 52 week high of $4.30. The company has a market cap of $23.31 million, a P/E ratio of 17.35 and a beta of 0.33.

About Surge Component

Surge Components, Inc (OTCMKTS:SPRS) is a distributor of electronic components and related products. The company supplies components used in the manufacture, repair and maintenance of electronic equipment and electrical systems.

Its product offerings have included capacitors, resistors, inductors, circuit-protection devices, connectors, switches, relays, batteries, wire and cable, and other electromechanical components. Surge Components serves original equipment manufacturers, contract manufacturers, distributors and other commercial customers.

The company has historically operated in the electronic-component distribution industry and has served customers in the United States and international markets.