SPAR Group (NASDAQ:SGRP) Share Price Crosses Below 200 Day Moving Average of $1.11

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.11 and traded as low as $0.97. SPAR Group shares last traded at $0.97, with a volume of 3,806 shares trading hands.

SPAR Group Stock Down 4.0 %

The company’s 50-day moving average price is $0.96 and its 200 day moving average price is $1.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market cap of $22.54 million, a PE ratio of 19.40 and a beta of 0.90.

SPAR Group (NASDAQ:SGRP) last announced its earnings results on Monday, August 14th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). SPAR Group had a net margin of 0.42% and a return on equity of 10.41%. The business had revenue of $65.94 million for the quarter, compared to the consensus estimate of $70.00 million. As a group, analysts forecast that SPAR Group, Inc. will post 0.07 EPS for the current fiscal year.

Institutional Investors Weigh In On SPAR Group

An institutional investor recently raised its position in SPAR Group stock. Renaissance Technologies LLC boosted its holdings in SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 89,500 shares of the business services provider’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned 0.41% of SPAR Group worth $116,000 as of its most recent SEC filing. Institutional investors own 9.21% of the company’s stock.

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.