Surge Component (OTCMKTS:SPRS) Announces Quarterly Earnings Results

Surge Component (OTCMKTS:SPRS) posted its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, Zacks reports. The business had revenue of $10.09 million during the quarter. Surge Component had a net margin of 2.88% and a return on equity of 5.03%.

Surge Component Price Performance

Shares of OTCMKTS SPRS opened at $3.41 on Friday. The company has a market cap of $19.91 million, a price-to-earnings ratio of 21.00 and a beta of 0.33. The stock’s 50-day moving average is $3.98 and its two-hundred day moving average is $3.72. Surge Component has a 1-year low of $2.70 and a 1-year high of $4.30.

Surge Component Company Profile

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.