Superior Group of Companies (NASDAQ:SGC) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.54 and traded as low as $14.76. Superior Group of Companies shares last traded at $15.03, with a volume of 44,605 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd. Barrington Research increased their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, November 11th.

Superior Group of Companies Trading Up 2.5 %

The firm has a 50 day moving average of $15.83 and a 200 day moving average of $15.54. The firm has a market cap of $245.59 million, a PE ratio of 18.11, a P/E/G ratio of 1.56 and a beta of 1.44. The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39.

Superior Group of Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 3.73%. Superior Group of Companies’s payout ratio is 67.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWC Advisors LLC. purchased a new stake in shares of Superior Group of Companies in the third quarter worth about $442,000. US Bancorp DE lifted its stake in Superior Group of Companies by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after purchasing an additional 1,729 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Superior Group of Companies by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 58,213 shares of the textile maker’s stock worth $902,000 after purchasing an additional 1,900 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in Superior Group of Companies by 16.1% in the 3rd quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock valued at $6,038,000 after purchasing an additional 54,000 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of Superior Group of Companies by 44.2% during the 3rd quarter. GSA Capital Partners LLP now owns 20,098 shares of the textile maker’s stock valued at $311,000 after purchasing an additional 6,158 shares in the last quarter. 33.75% of the stock is owned by institutional investors.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.