SPAR Group (NASDAQ:SGRP) Share Price Passes Below 200 Day Moving Average of $1.33

SPAR Group, Inc. (NASDAQ:SGRPGet Rating) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.33 and traded as low as $1.22. SPAR Group shares last traded at $1.40, with a volume of 48,113 shares.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research reaffirmed a “buy” rating on shares of SPAR Group in a research note on Tuesday, September 27th.

SPAR Group Trading Up 1.4 %

The business’s 50 day simple moving average is $1.56 and its two-hundred day simple moving average is $1.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Trading of SPAR Group

An institutional investor recently raised its position in SPAR Group stock. Koss Olinger Consulting LLC increased its holdings in SPAR Group, Inc. (NASDAQ:SGRPGet Rating) by 76.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,554 shares of the business services provider’s stock after purchasing an additional 37,194 shares during the quarter. Koss Olinger Consulting LLC owned approximately 0.39% of SPAR Group worth $111,000 at the end of the most recent reporting period. Institutional investors own 6.89% of the company’s stock.

SPAR Group Company Profile

(Get Rating)

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.

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