XpresSpa Group (XSPA) Stock Price Down 15.8%

XpresSpa Group Inc (NASDAQ:XSPA) fell 15.8% during trading on Thursday . The company traded as low as $0.16 and last traded at $0.16. 2,087,982 shares changed hands during 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 lowered XpresSpa Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.

The stock has a market capitalization of $4.04 million, a P/E ratio of -0.22 and a beta of -0.81. The company has a quick ratio of 0.52, a current ratio of 0.63 and a debt-to-equity ratio of 0.39.

XpresSpa Group (NASDAQ:XSPA) last released its quarterly earnings results on Tuesday, August 14th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.04). The business had revenue of $13.04 million for the quarter, compared to the consensus estimate of $13.88 million. XpresSpa Group had a negative return on equity of 38.12% and a negative net margin of 84.97%. Equities analysts forecast that XpresSpa Group Inc will post -0.49 EPS for the current year.

A hedge fund recently bought a new stake in XpresSpa Group stock. BlackRock Inc. acquired a new stake in XpresSpa Group Inc (NASDAQ:XSPA) during the first quarter, according to its most recent filing with the SEC. The firm acquired 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned about 1.13% of XpresSpa Group as of its most recent filing with the SEC. 12.15% of the stock is currently owned by institutional investors and hedge funds.

About XpresSpa Group (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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