Superior Group of Companies (NASDAQ:SGC) Shares Cross Above 50-Day Moving Average – Here’s Why

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.61 and traded as high as $9.89. Superior Group of Companies shares last traded at $9.68, with a volume of 34,558 shares changing hands.

Analysts Set New Price Targets

Several analysts recently issued reports on SGC shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Wednesday, October 8th. Wall Street Zen cut Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

Superior Group of Companies Stock Down 0.8%

The firm’s fifty day moving average is $9.61 and its 200-day moving average is $10.58. The company has a market capitalization of $154.59 million, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 2.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94.

Superior Group of Companies (NASDAQ:SGC) last issued its quarterly earnings data on Monday, November 3rd. The textile maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. The company had revenue of $138.47 million during the quarter, compared to the consensus estimate of $144.49 million. As a group, equities research analysts predict that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Friday, November 14th. Superior Group of Companies’s dividend payout ratio is presently 155.56%.

Institutional Investors Weigh In On Superior Group of Companies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Superior Group of Companies by 6.1% during the second quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock worth $182,000 after buying an additional 1,021 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Superior Group of Companies by 0.8% in the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after buying an additional 1,331 shares during the period. Arete Wealth Advisors LLC boosted its position in Superior Group of Companies by 7.6% during the third quarter. Arete Wealth Advisors LLC now owns 18,984 shares of the textile maker’s stock valued at $204,000 after acquiring an additional 1,348 shares during the last quarter. CWC Advisors LLC. boosted its position in Superior Group of Companies by 2.9% during the second quarter. CWC Advisors LLC. now owns 49,455 shares of the textile maker’s stock valued at $509,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Superior Group of Companies by 55.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,263 shares of the textile maker’s stock worth $46,000 after acquiring an additional 1,520 shares during the period. Institutional investors own 33.75% of the company’s stock.

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.