Sparta Commercial Services (OTCMKTS:SRCO) Posts Quarterly Earnings Results

Sparta Commercial Services (OTCMKTS:SRCO) issued its quarterly earnings results on Monday. The financial services provider reported ($0.01) EPS for the quarter, Zacks reports. The company had revenue of $0.09 million for the quarter.

Sparta Commercial Services Stock Performance

Shares of SRCO traded down $0.01 during mid-day trading on Tuesday, hitting $0.08. 10,040 shares of the company’s stock were exchanged, compared to its average volume of 35,632. The company has a market cap of $4.42 million, a price-to-earnings ratio of -2.09 and a beta of -0.35. Sparta Commercial Services has a fifty-two week low of $0.07 and a fifty-two week high of $0.29. The stock’s 50-day moving average is $0.11 and its 200-day moving average is $0.12.

About Sparta Commercial Services

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.