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Trade-Ideas LLC identified

SpartanNash

(

SPTN

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified SpartanNash as such a stock due to the following factors:

  • SPTN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $6.0 million.
  • SPTN has traded 80,907 shares today.
  • SPTN is trading at 6.15 times the normal volume for the stock at this time of day.
  • SPTN is trading at a new high 3.07% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on SPTN:

TheStreet Recommends

SpartanNash Company operates as a grocery distributor and retailer primarily in the United States. The company operates in three segments: Military, Food Distribution, and Retail. The stock currently has a dividend yield of 2.5%. SPTN has a PE ratio of 14. Currently there are no analysts that rate SpartanNash a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for SpartanNash has been 167,300 shares per day over the past 30 days. SpartanNash has a market cap of $801.9 million and is part of the services sector and wholesale industry. The stock has a beta of 0.92 and a short float of 2.1% with 2.20 days to cover. Shares are down 18.9% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates SpartanNash as a

hold

. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and poor profit margins.

Highlights from the ratings report include:

  • The debt-to-equity ratio is somewhat low, currently at 0.70, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Despite the fact that SPTN's debt-to-equity ratio is low, the quick ratio, which is currently 0.63, displays a potential problem in covering short-term cash needs.
  • Reflecting the weaknesses we have cited, including the decline in the company's earnings per share, SPTN has underperformed the S&P 500 Index, declining 11.27% from its price level of one year ago. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
  • Net operating cash flow has significantly decreased to $6.56 million or 87.69% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.

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