XpresSpa Group Inc (NASDAQ:XSPA) shares were up 26.7% during trading on Wednesday . The company traded as high as $0.18 and last traded at $0.19. Approximately 170,988 shares traded hands during trading, a decline of 79% from the average daily volume of 820,712 shares. The stock had previously closed at $0.15.
Separately, Zacks Investment Research downgraded shares of XpresSpa Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st.
The company has a current ratio of 0.63, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.41 million, a P/E ratio of -0.20 and a beta of -0.83.
A hedge fund recently bought a new stake in XpresSpa Group stock. BlackRock Inc. bought a new position in shares of XpresSpa Group Inc (NASDAQ:XSPA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 301,383 shares of the company’s stock, valued at approximately $217,000. BlackRock Inc. owned approximately 1.13% of XpresSpa Group as of its most recent filing with the Securities and Exchange Commission. 12.15% of the stock is owned by institutional investors.
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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