SPAR Group (NASDAQ:SGRP) Shares Pass Below 200-Day Moving Average – Here’s Why

by · The Cerbat Gem

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.04 and traded as low as $0.7625. SPAR Group shares last traded at $0.77, with a volume of 152,099 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SPAR Group presently has an average rating of “Sell”.

Read Our Latest Stock Report on SPAR Group

SPAR Group Trading Down 0.2%

The firm has a market capitalization of $18.44 million, a PE ratio of -11.00 and a beta of 0.09. The firm has a 50 day simple moving average of $0.95 and a 200 day simple moving average of $1.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07.

SPAR Group (NASDAQ:SGRP – Get Free Report) last posted its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.13). SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%.The business had revenue of $41.42 million during the quarter, compared to analysts’ expectations of $45.00 million. Equities analysts expect that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at SPAR Group

In related news, President William Linnane purchased 173,000 shares of the company’s stock in a transaction dated Friday, October 3rd. The shares were purchased at an average price of $1.02 per share, with a total value of $176,460.00. Following the acquisition, the president directly owned 190,909 shares in the company, valued at $194,727.18. The trade was a 965.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 50.92% of the company’s stock.

About SPAR Group

(Get Free Report)

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.

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