SPAR Group (NASDAQ:SGRP) Shares Cross Above 200-Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.75 and traded as high as $0.8397. SPAR Group shares last traded at $0.8175, with a volume of 65,966 shares.

SPAR Group Price Performance

The business’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.75. The company has a market cap of $20.54 million, a P/E ratio of -0.79 and a beta of 0.23. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.41). The company had revenue of $22.02 million during the quarter, compared to analysts’ expectations of $40.00 million. SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. During the same period last year, the firm earned ($0.24) earnings per share.

Insider Buying and Selling at SPAR Group

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the completion of the acquisition, the chief financial officer owned 133,000 shares of the company’s stock, valued at approximately $85,120. This trade represents a 141.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 51.48% 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.