Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Superior Group of Companies, Inc. (NASDAQ:SGC) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.57 and traded as low as $9.63. Superior Group of Companies shares last traded at $9.86, with a volume of 33,862 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Wall Street Zen downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

Superior Group of Companies Stock Down 0.9%

The firm has a market capitalization of $157.46 million, a P/E ratio of 27.39, a PEG ratio of 1.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94. The stock has a 50 day moving average of $9.60 and a 200-day moving average of $10.57.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Monday, November 3rd. The textile maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $138.47 million during the quarter, compared to the consensus estimate of $144.49 million. Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. Research analysts predict that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Friday, November 14th. Superior Group of Companies’s payout ratio is presently 155.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Superior Group of Companies by 217.0% during the third quarter. JPMorgan Chase & Co. now owns 20,922 shares of the textile maker’s stock worth $224,000 after purchasing an additional 14,321 shares in the last quarter. Advisory Services Network LLC bought a new stake in Superior Group of Companies in the 3rd quarter worth $2,596,000. Citadel Advisors LLC bought a new position in Superior Group of Companies during the 3rd quarter valued at approximately $217,000. Two Sigma Investments LP boosted its holdings in Superior Group of Companies by 33.6% in the third quarter. Two Sigma Investments LP now owns 33,421 shares of the textile maker’s stock valued at $358,000 after acquiring an additional 8,412 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Superior Group of Companies by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 180,335 shares of the textile maker’s stock worth $1,933,000 after buying an additional 4,032 shares in the last quarter. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.