SPAR Group (NASDAQ:SGRP) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.08 and traded as low as $0.8833. SPAR Group shares last traded at $0.9026, with a volume of 115,896 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SPAR Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SPAR Group presently has an average rating of “Sell”.

SPAR Group Stock Performance

The firm’s 50-day simple moving average is $1.06 and its two-hundred day simple moving average is $1.08. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $21.62 million, a PE ratio of -12.89 and a beta of 0.26.

SPAR Group (NASDAQ:SGRP) last released its earnings results on Friday, November 14th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13). SPAR Group had a negative net margin of 3.78% and a negative return on equity of 18.99%. The business had revenue of $41.42 million during the quarter, compared to analysts’ expectations of $45.00 million. On average, equities research analysts expect that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SPAR Group news, President William Linnane bought 173,000 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were bought at an average price of $1.02 per share, for a total transaction of $176,460.00. Following the acquisition, the president directly owned 190,909 shares of the company’s stock, valued at approximately $194,727.18. This trade represents a 965.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 50.92% of the stock is currently owned by company insiders.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.