Sacks Parente Golf (SPGC) Projected to Post Quarterly Earnings on Monday

Sacks Parente Golf (NASDAQ:SPGC) is projected to announce its earnings results before the market opens on Monday, March 17th. Analysts expect the company to announce earnings of ($0.30) per share and revenue of $1.09 million for the quarter.

Sacks Parente Golf Price Performance

SPGC opened at $0.10 on Friday. The business has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $1.44. The stock has a market capitalization of $182,600.00, a P/E ratio of -0.03 and a beta of 4.59. Sacks Parente Golf has a 12 month low of $0.09 and a 12 month high of $6.51.

Sacks Parente Golf’s stock is scheduled to reverse split before the market opens on Monday, March 17th. The 1-30 reverse split was announced on Tuesday, March 11th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 14th.

Sacks Parente Golf declared that its board has authorized a stock repurchase plan on Monday, February 3rd that permits the company to repurchase $1.00 million in shares. This repurchase authorization permits the company to purchase up to 85.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc, a technology-forward golf company, manufactures and sells golf products. The company provides putting instruments, golf shafts, golf grips, and other golf-related products. It also offers online custom fitting programs. The company sells its products through e-commerce, distributors, wholesale customers, including pro-shops at golf courses and off-course retailers, sporting goods retailers, online retailers, third-party distributors, and through Club Champion Golf, as well as through mass merchants and corporate customers in the Americas, Asia, and Europe.