Superior Group of Companies (NASDAQ:SGC) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Superior Group of Companies, Inc. (NASDAQ:SGC) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.45 and traded as low as $10.14. Superior Group of Companies shares last traded at $10.40, with a volume of 31,596 shares trading hands.

Analyst Upgrades and Downgrades

SGC has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Wall Street Zen downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.33.

Superior Group of Companies Trading Down 0.2%

The company has a market capitalization of $166.09 million, a P/E ratio of 28.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48. The firm has a fifty day moving average price of $9.98 and a 200-day moving average price of $10.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.94 and a quick ratio of 1.83.

Superior Group of Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Monday, February 16th will be paid a $0.14 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.56 annualized dividend and a yield of 5.4%. Superior Group of Companies’s dividend payout ratio is currently 155.56%.

Institutional Investors Weigh In On Superior Group of Companies

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Superior Group of Companies by 2.0% during the third quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock valued at $7,399,000 after purchasing an additional 13,250 shares during the period. North Star Investment Management Corp. boosted its position in shares of Superior Group of Companies by 17.6% in the 4th quarter. North Star Investment Management Corp. now owns 494,975 shares of the textile maker’s stock worth $4,791,000 after purchasing an additional 74,000 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Superior Group of Companies by 2.5% in the second quarter. American Century Companies Inc. now owns 383,425 shares of the textile maker’s stock worth $3,949,000 after acquiring an additional 9,347 shares during the last quarter. Geode Capital Management LLC grew its position in Superior Group of Companies by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 269,508 shares of the textile maker’s stock valued at $2,609,000 after purchasing an additional 2,442 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in Superior Group of Companies by 7.5% during the 4th quarter. Wells Fargo & Company MN now owns 262,591 shares of the textile maker’s stock valued at $2,542,000 after purchasing an additional 18,268 shares in the last quarter. 33.75% of the stock is currently owned by institutional investors.

Superior Group of Companies Company Profile

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.