SPAR Group (NASDAQ:SGRP) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.47 and traded as low as $1.04. SPAR Group shares last traded at $1.04, with a volume of 29,124 shares traded.

SPAR Group Stock Down 1.0%

The firm’s 50-day moving average is $1.08 and its two-hundred day moving average is $1.47. The stock has a market cap of $24.39 million, a P/E ratio of 2.04 and a beta of 0.38. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.53 and a current ratio of 1.53.

Institutional Trading of SPAR Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Sage Investment Counsel LLC bought a new stake in shares of SPAR Group during the 4th quarter valued at $29,000. Northern Trust Corp bought a new stake in shares of SPAR Group during the 4th quarter valued at $39,000. Virtu Financial LLC bought a new stake in shares of SPAR Group during the 4th quarter valued at $105,000. Geode Capital Management LLC raised its position in shares of SPAR Group by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 150,068 shares of the business services provider’s stock valued at $291,000 after acquiring an additional 13,377 shares during the last quarter. Finally, CSS LLC IL raised its position in shares of SPAR Group by 679.4% during the 4th quarter. CSS LLC IL now owns 177,669 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 154,873 shares during the last quarter. Institutional investors own 9.57% of the company’s stock.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.