Sacks Parente Golf (SPGC) to Release Quarterly Earnings on Monday

Sacks Parente Golf (NASDAQ:SPGC) is expected to issue its quarterly earnings data 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 Stock Down 28.6 %

Shares of NASDAQ SPGC opened at $0.10 on Friday. Sacks Parente Golf has a 52-week low of $0.09 and a 52-week high of $6.51. The stock’s 50 day moving average price is $13.18 and its two-hundred day moving average price is $42.77. 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 shares are going 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 closing bell on Friday, March 14th.

Sacks Parente Golf announced that its board has approved a share repurchase program on Monday, February 3rd that authorizes the company to repurchase $1.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 85.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management 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.