SPAR Group (NASDAQ:SGRP) Stock Passes Below 200-Day Moving Average of $1.24

SPAR Group, Inc. (NASDAQ:SGRPGet Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.24 and traded as low as $1.08. SPAR Group shares last traded at $1.11, with a volume of 11,548 shares changing hands.

The stock has a market capitalization of $24.25 million, a PE ratio of -12.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.45 and a quick ratio of 1.45. The business’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $1.24.

SPAR Group (NASDAQ:SGRPGet Rating) last announced its quarterly earnings data on Monday, May 16th. The business services provider reported $0.02 earnings per share for the quarter. The firm had revenue of $58.99 million for the quarter. SPAR Group had a negative net margin of 0.80% and a positive return on equity of 3.86%.

In other news, Director Robert G/ Brown sold 100,000 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $1.23, for a total transaction of $123,000.00. Following the sale, the director now directly owns 5,691,618 shares of the company’s stock, valued at $7,000,690.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 59.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in SPAR Group by 27.4% during the fourth quarter. Renaissance Technologies LLC now owns 291,500 shares of the business services provider’s stock valued at $359,000 after purchasing an additional 62,679 shares during the period. Citadel Advisors LLC lifted its position in SPAR Group by 28.8% during the second quarter. Citadel Advisors LLC now owns 65,046 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 14,557 shares during the period. Koss Olinger Consulting LLC lifted its position in SPAR Group by 76.9% during the first quarter. Koss Olinger Consulting LLC now owns 85,554 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 37,194 shares during the period. Finally, Bailard Inc. acquired a new position in SPAR Group during the first quarter valued at $58,000. Institutional investors own 7.80% of the company’s stock.

SPAR Group Company Profile (NASDAQ:SGRP)

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.

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