SPAR Group (NASDAQ:SGRP) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.01 and traded as low as $0.79. SPAR Group shares last traded at $0.8020, with a volume of 17,018 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

SPAR Group Stock Up 0.6%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. The firm has a market cap of $19.21 million, a P/E ratio of -11.46 and a beta of 0.10. The stock’s fifty day moving average is $0.83 and its two-hundred day moving average is $1.01.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13). The firm had revenue of $41.42 million for the quarter, compared to analysts’ expectations of $45.00 million. SPAR Group had a negative net margin of 9.52% and a negative return on equity of 34.89%. As a group, research analysts anticipate that SPAR Group, Inc. will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other SPAR Group news, CFO Steven Michael Hennen bought 55,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were acquired at an average cost of $0.78 per share, for a total transaction of $42,900.00. Following the purchase, the chief financial officer directly owned 55,000 shares of the company’s stock, valued at $42,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 50.92% of the stock is currently owned by insiders.

SPAR Group Company Profile

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.