Sparta Commercial Services (OTCMKTS:SRCO) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Sparta Commercial Services, Inc. (OTCMKTS:SRCO) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.09 and traded as low as $0.0850. Sparta Commercial Services shares last traded at $0.0850, with a volume of 34,000 shares changing hands.

Sparta Commercial Services Stock Performance

The business has a 50-day simple moving average of $0.09 and a two-hundred day simple moving average of $0.09. The company has a market capitalization of $4.10 million, a price-to-earnings ratio of -1.88 and a beta of 0.02.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its earnings results on Thursday, August 13th. The financial services provider reported ($0.03) earnings per share for the quarter. The business had revenue of $0.06 million during the quarter.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.