Superior Group of Companies (NASDAQ:SGC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.04 and traded as low as $9.98. Superior Group of Companies shares last traded at $10.05, with a volume of 27,122 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on SGC. Wall Street Zen upgraded shares of Superior Group of Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research note on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Superior Group of Companies has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Superior Group of Companies Trading Up 1.3%

The firm’s fifty day simple moving average is $10.14 and its 200 day simple moving average is $10.03. The stock has a market capitalization of $161.55 million, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.75 and a beta of 1.40. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.66.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $146.58 million during the quarter, compared to the consensus estimate of $145.23 million. Superior Group of Companies had a net margin of 1.24% and a return on equity of 3.62%. As a group, equities research analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 16th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.4%. The ex-dividend date was Friday, February 13th. Superior Group of Companies’s dividend payout ratio is currently 121.74%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SGC. Advisory Services Network LLC acquired a new stake in shares of Superior Group of Companies in the 3rd quarter valued at approximately $2,596,000. North Star Investment Management Corp. increased its position in Superior Group of Companies by 17.6% during the 4th quarter. North Star Investment Management Corp. now owns 494,975 shares of the textile maker’s stock worth $4,791,000 after purchasing an additional 74,000 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Superior Group of Companies in the 3rd quarter valued at approximately $623,000. Rothschild Wealth LLC bought a new position in Superior Group of Companies in the 4th quarter valued at approximately $504,000. Finally, Daytona Street Capital LLC acquired a new stake in Superior Group of Companies in the fourth quarter valued at approximately $290,000. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.