SP PlusNASDAQ: SP

SP Plus (SP) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.56 per share a year ago.

SP Plus (SP) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

SP Plus (SP) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

If you are looking for stocks that are well positioned to maintain their recent uptrend, SP Plus (SP) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

SP Plus (SP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The company is being acquired in a go-private transaction. If all goes well, its new owner will be Metropolis Technologies.

On Thursday, SP Plus announced it has agreed to be acquired by Metropolis for $54 per share, a 52% premium from Wednesday's close. The deal is still subject to the approvals of regulators and SP Plus shareholders, but should close next year.

Metropolis Technologies Inc. said Thursday it would pay $54 a share for SP Plus Corp. SP, +0.14% in a take-private deal that values the parking facility management company at $1.5 billion. The price amounts to a premium of 52% over the closing share price of SP Plus stock on Tuesday.

The heavy selling pressure might have exhausted for SP Plus (SP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.