SPAR Group (SGRP) Scheduled to Post Quarterly Earnings on Monday

SPAR Group (NASDAQ:SGRP) will announce its earnings results before the market opens on Monday, April 1st. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.

SPAR Group Stock Down 7.5 %

SGRP traded down $0.08 during trading hours on Friday, hitting $0.97. 4,783 shares of the company’s stock were exchanged, compared to its average volume of 5,881. SPAR Group has a 12-month low of $0.70 and a 12-month high of $1.40. The firm has a 50 day moving average of $1.04 and a 200 day moving average of $0.99. The firm has a market cap of $22.53 million, a P/E ratio of 16.16 and a beta of 0.70. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On SPAR Group

A hedge fund recently raised its stake in SPAR Group stock. Renaissance Technologies LLC increased its holdings in shares of SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,500 shares of the business services provider’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned about 0.41% of SPAR Group worth $116,000 at the end of the most recent quarter. Institutional investors own 9.57% of the company’s stock.

About SPAR Group

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.