SPAR Group (NASDAQ:SGRP) Stock Price Crosses Below 200 Day Moving Average of $1.33

Shares of SPAR Group, Inc. (NASDAQ:SGRPGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.33 and traded as low as $1.31. SPAR Group shares last traded at $1.35, with a volume of 32,944 shares.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research restated a “buy” rating on shares of SPAR Group in a report on Tuesday, September 27th.

SPAR Group Stock Down 4.3 %

The firm has a fifty day moving average price of $1.58 and a 200 day moving average price of $1.33. The company has a market cap of $29.37 million, a P/E ratio of -22.50 and a beta of 1.00. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.02.

SPAR Group (NASDAQ:SGRPGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $67.80 million for the quarter. SPAR Group had a positive return on equity of 5.71% and a negative net margin of 0.55%. Equities research analysts forecast that SPAR Group, Inc. will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On SPAR Group

A hedge fund recently raised its stake in SPAR Group stock. Koss Olinger Consulting LLC raised its stake in SPAR Group, Inc. (NASDAQ:SGRPGet Rating) by 76.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,554 shares of the business services provider’s stock after buying an additional 37,194 shares during the quarter. Koss Olinger Consulting LLC owned 0.39% of SPAR Group worth $111,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 6.89% of the company’s stock.

About SPAR Group

(Get Rating)

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.

Further Reading

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