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

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price crossed 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 traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SPAR Group currently has a consensus rating of “Sell”.

SPAR Group Stock Down 0.6%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. The stock’s 50-day simple moving average is $0.94 and its 200 day simple moving average is $1.04. The firm has a market cap of $18.39 million, a P/E ratio of -10.97 and a beta of 0.09.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings data 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 the consensus estimate of $45.00 million. As a group, research analysts forecast that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Insider Transactions at SPAR Group

In other SPAR Group news, President William Linnane purchased 173,000 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of $1.02 per share, for a total transaction of $176,460.00. Following the acquisition, the president owned 190,909 shares of the company’s stock, valued at approximately $194,727.18. This represents a 965.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 50.92% of the company’s stock.

About SPAR Group

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.