XpresSpa Group (XSPA) Shares Down 15.8%
XpresSpa Group Inc (NASDAQ:XSPA) shares traded down 15.8% on Thursday . The company traded as low as $0.16 and last traded at $0.16. 2,087,982 shares traded hands during mid-day trading, an increase of 384% from the average session volume of 431,316 shares. The stock had previously closed at $0.19.
Separately, Zacks Investment Research downgraded XpresSpa Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st.
The company has a debt-to-equity ratio of 0.39, a current ratio of 0.63 and a quick ratio of 0.52. The company has a market cap of $4.04 million, a price-to-earnings ratio of -0.22 and a beta of -0.81.
An institutional investor recently bought a new position in XpresSpa Group stock. BlackRock Inc. purchased a new stake in XpresSpa Group Inc (NASDAQ:XSPA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned 1.13% of XpresSpa Group as of its most recent SEC filing. Hedge funds and other institutional investors own 12.15% of the company’s stock.
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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