SPAR Group (NASDAQ:SGRP) Stock Passes Below 200 Day Moving Average of $1.33

SPAR Group, Inc. (NASDAQ:SGRPGet Rating)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.33 and traded as low as $1.22. SPAR Group shares last traded at $1.40, with a volume of 48,113 shares.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research reissued a “buy” rating on shares of SPAR Group in a research report on Tuesday, September 27th.

SPAR Group Stock Performance

The company’s 50-day simple moving average is $1.56 and its 200 day simple moving average is $1.33. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.05. The stock has a market cap of $30.45 million, a P/E ratio of -11.67 and a beta of 1.00.

Institutional Investors Weigh In On SPAR Group

A hedge fund recently raised its stake in SPAR Group stock. Koss Olinger Consulting LLC increased its stake in SPAR Group, Inc. (NASDAQ:SGRPGet Rating) by 31.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,242 shares of the business services provider’s stock after purchasing an additional 26,688 shares during the quarter. Koss Olinger Consulting LLC owned approximately 0.51% of SPAR Group worth $132,000 at the end of the most recent quarter. 6.89% of the stock is currently owned by institutional investors and hedge funds.

About SPAR Group

(Get Rating)

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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