XpresSpa Group (XSPA) Shares Down 7.2%

XpresSpa Group Inc (NASDAQ:XSPA)’s share price fell 7.2% during trading on Wednesday . The stock traded as low as $0.19 and last traded at $0.19. 725,057 shares traded hands during trading, a decline of 66% from the average session volume of 2,130,037 shares. The stock had previously closed at $0.20.

Separately, Zacks Investment Research raised XpresSpa Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th.

The company has a debt-to-equity ratio of 0.44, a current ratio of 0.43 and a quick ratio of 0.35. The stock has a market cap of $5.81 million, a P/E ratio of -0.26 and a beta of -1.00.

XpresSpa Group (NASDAQ:XSPA) last announced its quarterly earnings data on Wednesday, November 14th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01. The business had revenue of $12.92 million during the quarter, compared to analyst estimates of $13.28 million. XpresSpa Group had a negative return on equity of 49.96% and a negative net margin of 81.86%. Analysts anticipate that XpresSpa Group Inc will post -0.49 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in XpresSpa Group stock. BlackRock Inc. purchased a new position in XpresSpa Group Inc (NASDAQ:XSPA) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned about 1.13% of XpresSpa Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 7.57% of the company’s stock.

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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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