Surge Component (OTCMKTS:SPRS) Shares Cross Below 50 Day Moving Average – Here’s Why

Surge Component (OTCMKTS:SPRS) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.47 and traded as low as $3.44. Surge Component shares last traded at $3.44, with a volume of 108 shares changing hands.

Surge Component Stock Performance

The firm has a market capitalization of $20.06 million, a P/E ratio of 19.11 and a beta of 0.30. The stock has a fifty day moving average price of $3.47 and a two-hundred day moving average price of $3.33.

Surge Component (OTCMKTS:SPRS) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($0.01) earnings per share for the quarter. Surge Component had a net margin of 2.80% and a return on equity of 4.98%. The firm had revenue of $8.19 million during the quarter.

About Surge Component

Surge Components, Inc, together with its subsidiaries, supplies electronic products and components. It offers capacitors, which are electrical energy storage devices; and discrete semiconductor components, such as rectifiers, transistors, diodes, circuit protection devices, and audible components comprising audible transducers, Piezo buzzers, speakers, and microphones. The company also provides resonators, alarms, chimes, filters, and discriminators, as well as fuses, printed circuit boards, and switches.