Superior Group of Companies (NASDAQ:SGC) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.57 and traded as low as $9.63. Superior Group of Companies shares last traded at $9.86, with a volume of 33,862 shares.

Wall Street Analyst Weigh In

SGC has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Superior Group of Companies Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94. The firm has a market capitalization of $157.46 million, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The business has a fifty day moving average of $9.60 and a 200-day moving average of $10.57.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings results on Monday, November 3rd. The textile maker reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). The business had revenue of $138.47 million for the quarter, compared to analyst estimates of $144.49 million. Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. On average, sell-side 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 company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, November 14th. Superior Group of Companies’s dividend payout ratio (DPR) is 155.56%.

Hedge Funds Weigh In On Superior Group of Companies

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of Superior Group of Companies by 217.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,922 shares of the textile maker’s stock valued at $224,000 after acquiring an additional 14,321 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Superior Group of Companies during the third quarter worth $2,596,000. Citadel Advisors LLC bought a new stake in shares of Superior Group of Companies in the third quarter valued at about $217,000. Two Sigma Investments LP grew its stake in shares of Superior Group of Companies by 33.6% in the third quarter. Two Sigma Investments LP now owns 33,421 shares of the textile maker’s stock valued at $358,000 after acquiring an additional 8,412 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Superior Group of Companies by 2.3% during the third quarter. Bridgeway Capital Management LLC now owns 180,335 shares of the textile maker’s stock worth $1,933,000 after acquiring an additional 4,032 shares during the period. 33.75% of the stock is currently owned by institutional investors.

About Superior Group of Companies

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.