SPAR Group (NASDAQ:SGRP) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.02 and traded as low as $0.82. SPAR Group shares last traded at $0.8260, with a volume of 14,270 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SPAR Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

SPAR Group Stock Performance

The stock has a market cap of $19.64 million, a PE ratio of -11.72 and a beta of 0.06. The stock has a 50-day moving average of $0.86 and a 200 day moving average of $1.02. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings results on Friday, November 14th. The business services provider reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.13). SPAR Group had a negative net margin of 9.52% and a negative return on equity of 34.89%. The business had revenue of $41.42 million during the quarter, compared to analyst estimates of $45.00 million. Equities analysts predict that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Steven Michael Hennen bought 55,000 shares of the stock in a transaction dated Friday, December 19th. The shares were acquired at an average price 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 approximately $42,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 50.92% of the company’s stock.

SPAR Group Company Profile

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.