SPAR Group, Inc. (NASDAQ:SGRP – Get Rating)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.36 and traded as low as $1.29. SPAR Group shares last traded at $1.30, with a volume of 837 shares trading hands.
Wall Street Analyst Weigh In
Separately, Litchfield Hills Research reiterated a “buy” rating on shares of SPAR Group in a research report on Tuesday, September 27th.
SPAR Group Stock Performance
The stock has a market capitalization of $28.33 million, a price-to-earnings ratio of -10.85 and a beta of 0.91. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.05. The stock’s 50-day simple moving average is $1.31 and its 200 day simple moving average is $1.36.
Hedge Funds Weigh In On SPAR Group
A hedge fund recently bought a new stake in SPAR Group stock. Nantahala Capital Management LLC bought a new position in SPAR Group, Inc. (NASDAQ:SGRP – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 538,427 shares of the business services provider’s stock, valued at approximately $781,000. Nantahala Capital Management LLC owned about 2.48% of SPAR Group at the end of the most recent quarter. 9.45% of the stock is currently owned by institutional investors.
About SPAR Group
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.
- Get a free copy of the StockNews.com research report on SPAR Group (SGRP)
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