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

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.11 and traded as low as $1.92. SPAR Group shares last traded at $1.96, with a volume of 100,000 shares changing hands.

SPAR Group Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $45.96 million, a PE ratio of 3.84 and a beta of 0.69. The firm’s 50-day simple moving average is $1.98 and its 200 day simple moving average is $2.11.

Institutional Trading of SPAR Group

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of SPAR Group during the 2nd quarter valued at approximately $25,000. Dimensional Fund Advisors LP purchased a new position in SPAR Group in the 2nd quarter valued at approximately $68,000. Oddo BHF Asset Management Sas purchased a new position in SPAR Group in the 3rd quarter valued at approximately $81,000. Geode Capital Management LLC raised its holdings in SPAR Group by 35.0% during the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after purchasing an additional 35,450 shares during the last quarter. Finally, Corsair Capital Management L.P. boosted its position in SPAR Group by 3,205,200.0% during the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after purchasing an additional 64,104 shares in the last quarter. Hedge funds and other 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.