SPAR Group (NASDAQ:SGRP) Shares Pass Below 200 Day Moving Average – Here’s Why

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.05 and traded as low as $0.8152. SPAR Group shares last traded at $0.8208, with a volume of 26,960 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SPAR Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SPAR Group currently has a consensus rating of “Sell”.

SPAR Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50-day moving average is $0.98 and its 200 day moving average is $1.05. The stock has a market cap of $19.66 million, a PE ratio of -11.73 and a beta of 0.09.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings data on Friday, November 14th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.13). The company had revenue of $41.42 million for the quarter, compared to analysts’ expectations of $45.00 million. SPAR Group had a negative net margin of 9.52% and a negative return on equity of 34.89%. As a group, research analysts anticipate that SPAR Group, Inc. will post 0.09 EPS for the current year.

Insider Activity

In other news, President William Linnane purchased 173,000 shares of the business’s stock in a transaction that occurred on Friday, October 3rd. The stock was purchased at an average cost of $1.02 per share, with a total value of $176,460.00. Following the completion of 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 position. The transaction was disclosed in a filing with the SEC, which is accessible 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.