Superior Group of Companies (NASDAQ:SGC) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Superior Group of Companies, Inc. (NASDAQ:SGC) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.20 and traded as low as $10.02. Superior Group of Companies shares last traded at $10.25, with a volume of 50,835 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SGC shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a report on Thursday, January 22nd. Wall Street Zen raised shares of Superior Group of Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Superior Group of Companies Stock Up 2.1%

The company has a current ratio of 2.66, a quick ratio of 1.76 and a debt-to-equity ratio of 0.45. The stock has a 50 day simple moving average of $10.08 and a 200 day simple moving average of $10.20. The firm has a market capitalization of $160.93 million, a PE ratio of 22.28, a PEG ratio of 1.73 and a beta of 1.47.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Tuesday, March 3rd. The textile maker reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Superior Group of Companies had a return on equity of 3.62% and a net margin of 1.24%.The firm had revenue of $146.58 million during the quarter, compared to the consensus estimate of $145.23 million. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 16th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, February 13th. Superior Group of Companies’s dividend payout ratio is currently 121.74%.

Institutional Investors Weigh In On Superior Group of Companies

A number of large investors have recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new position in shares of Superior Group of Companies during the third quarter valued at about $623,000. JPMorgan Chase & Co. boosted 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 during the period. Citadel Advisors LLC bought a new stake in shares of Superior Group of Companies in the third quarter worth about $217,000. Jane Street Group LLC bought a new stake in shares of Superior Group of Companies in the second quarter worth about $206,000. Finally, Squarepoint Ops LLC purchased a new position in Superior Group of Companies during the 3rd quarter valued at about $199,000. Institutional investors own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

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.