Sparta Commercial Services (OTCMKTS:SRCO) Shares Cross Above 50 Day Moving Average – Here’s Why

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.09 and traded as high as $0.0950. Sparta Commercial Services shares last traded at $0.0910, with a volume of 8,300 shares traded.

Sparta Commercial Services Stock Up 3.3%

The firm has a market capitalization of $4.85 million, a price-to-earnings ratio of -2.28 and a beta of -0.15. The stock’s fifty day moving average is $0.09 and its two-hundred day moving average is $0.12.

Sparta Commercial Services (OTCMKTS:SRCO) last issued its earnings results on Monday, March 23rd. The financial services provider reported ($0.01) earnings per share for the quarter. The company had revenue of $0.09 million for the quarter.

About Sparta Commercial Services

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.