SPAR Group (NASDAQ:SGRP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.75 and traded as low as $0.4966. SPAR Group shares last traded at $0.5003, with a volume of 572,300 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SPAR Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

SPAR Group Stock Down 14.6%

The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15. The stock’s 50-day moving average is $0.76 and its 200-day moving average is $0.75. The company has a market cap of $14.21 million, a price-to-earnings ratio of -0.49 and a beta of 0.21.

Insider Buying and Selling

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $0.64 per share, with a total value of $49,920.00. Following the purchase, the chief financial officer owned 133,000 shares in the company, valued at $85,120. This represents a 141.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 43.02% of the stock is 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.