SPAR Group (NASDAQ:SGRP) Stock Passes Below 200-Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.70 and traded as low as $0.68. SPAR Group shares last traded at $0.6850, with a volume of 143,617 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SPAR Group in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

SPAR Group Stock Performance

The stock has a market cap of $19.17 million, a PE ratio of -0.66 and a beta of 0.20. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.88. The business has a 50 day moving average price of $0.68 and a two-hundred day moving average price of $0.70.

Hedge Funds Weigh In On SPAR Group

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

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.