SPAR Group (NASDAQ:SGRP) Shares Down 32.1% – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP)’s share price was down 32.1% on Friday. The company traded as low as $0.40 and last traded at $0.4401. Approximately 173,660 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 97,732 shares. The stock had previously closed at $0.6479.

SPAR Group Price Performance

The business’s fifty day simple moving average is $0.66 and its 200-day simple moving average is $0.69. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15. The firm has a market cap of $12.50 million, a P/E ratio of -0.43 and a beta of 0.18.

Institutional Trading of SPAR Group

An institutional investor recently bought a new position in SPAR Group stock. Nantahala Capital Management LLC acquired a new position in shares of SPAR Group, Inc. (NASDAQ:SGRP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 660,688 shares of the business services provider’s stock, valued at approximately $545,926. Nantahala Capital Management LLC owned approximately 2.28% of SPAR Group as of its most recent filing with the Securities and Exchange Commission. 9.57% of the stock is currently owned by institutional investors.

About SPAR Group

SPAR Group, Inc. (NASDAQ: SGRP) provides merchandising, brand marketing, and retail services for consumer goods companies and retailers. The company helps clients execute retail strategies in stores and other commercial locations through field-based teams, technology, and project management. Its services include in-store merchandising, retail audits, product demonstrations and assisted sales, store remodels and new-store setups, product assembly and installation, inventory-related support, and other field marketing activities.