Sparta Commercial Services (OTCMKTS:SRCO) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.14 and traded as low as $0.1040. Sparta Commercial Services shares last traded at $0.1040, with a volume of 400 shares changing hands.

Sparta Commercial Services Trading Up 1.0%

The business has a 50-day moving average of $0.14 and a two-hundred day moving average of $0.12. The firm has a market cap of $4.75 million, a P/E ratio of -2.60 and a beta of -0.37.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its earnings results on Friday, December 19th. The financial services provider reported ($0.01) EPS for the quarter. The business had revenue of $0.10 million during the quarter.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.