SPAR Group Inc (NASDAQ:SGRP) was the target of a large growth in short interest in July. As of July 31st, there was short interest totalling 79,400 shares, a growth of 17.5% from the June 30th total of 67,600 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average trading volume of 32,400 shares, the days-to-cover ratio is currently 2.5 days.
In other news, major shareholder Robert G/ Brown sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $0.70, for a total transaction of $35,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 182,925 shares of company stock worth $130,488 in the last three months. Corporate insiders own 63.90% of the company’s stock.
Shares of NASDAQ:SGRP traded down $0.04 during trading on Wednesday, hitting $0.75. 78,400 shares of the stock were exchanged, compared to its average volume of 43,740. The company has a fifty day simple moving average of $0.73. The company has a market capitalization of $16.26 million, a P/E ratio of 11.18 and a beta of 0.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.27 and a current ratio of 1.27. SPAR Group has a 12-month low of $0.45 and a 12-month high of $1.35.
SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Wednesday, May 15th. The business services provider reported $0.03 EPS for the quarter. The business had revenue of $57.16 million for the quarter. SPAR Group had a positive return on equity of 6.13% and a negative net margin of 0.46%.
About SPAR Group
SPAR Group, Inc, together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors.
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