SPAR Group (NASDAQ:SGRP) Stock Passes Below 200-Day Moving Average – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.96 and traded as low as $0.7817. SPAR Group shares last traded at $0.7817, with a volume of 531 shares changing hands.

SPAR Group Stock Down 2.3%

The firm has a market capitalization of $18.72 million, a PE ratio of -11.17 and a beta of 0.10. The stock has a 50-day simple moving average of $0.81 and a 200-day simple moving average of $0.96. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07.

Insider Transactions at SPAR Group

In other SPAR Group news, CFO Steven Michael Hennen acquired 55,000 shares of the company’s stock in a transaction on Friday, December 19th. The shares were acquired at an average cost of $0.78 per share, with a total value of $42,900.00. Following the completion of the acquisition, the chief financial officer directly owned 55,000 shares in the company, valued at $42,900. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 50.92% of the company’s stock.

About SPAR Group

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.