Sparta Commercial Services (OTCMKTS:SRCO) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.12 and traded as low as $0.0887. Sparta Commercial Services shares last traded at $0.0887, with a volume of 800 shares changing hands.

Sparta Commercial Services Stock Down 4.1%

The company has a market capitalization of $4.70 million, a P/E ratio of -2.22 and a beta of -0.36. The firm’s 50-day moving average price is $0.11 and its 200 day moving average price is $0.12.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its quarterly earnings results on Friday, December 19th. The financial services provider reported ($0.01) earnings per share for the quarter. The company had revenue of $0.10 million for 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.