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

by · The Cerbat Gem

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $0.68 and traded as low as $0.62. SPAR Group shares last traded at $0.62, with a volume of 9,010 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SPAR Group in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, SPAR Group currently has an average rating of “Sell”.

View Our Latest Stock Analysis on SGRP

SPAR Group Trading Down 4.6%

The company has a fifty day moving average of $0.68 and a two-hundred day moving average of $0.68. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.15. The stock has a market capitalization of $17.61 million, a price-to-earnings ratio of -0.60 and a beta of 0.19.

Hedge Funds Weigh In On SPAR Group

An institutional investor recently bought a new position in SPAR Group stock. Nantahala Capital Management LLC bought a new position in SPAR Group, Inc. (NASDAQ:SGRP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 660,688 shares of the business services provider’s stock, valued at approximately $545,926. Nantahala Capital Management LLC owned 2.28% of SPAR Group as of its most recent filing with the Securities and Exchange Commission. 9.57% of the stock is owned by hedge funds and other institutional investors.

About SPAR Group

(Get Free Report)

SPAR Group, Inc (NASDAQ: SGRP) provides outsourced merchandising, marketing, and retail-support services for consumer brands, retailers, and manufacturers. The company helps clients improve product visibility and execution in stores and other sales channels through field teams, retail audits, product displays, resets, remodels, assembly, demonstrations, and promotional programs.

Its services also include data collection, compliance monitoring, mystery shopping, market intelligence, and other technology-enabled field services.

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