SPAR Group (NASDAQ:SGRP) Shares Cross Below 200 Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.27 and traded as low as $1.10. SPAR Group shares last traded at $1.14, with a volume of 47,517 shares trading hands.

SPAR Group Stock Down 0.4%

The stock’s 50-day moving average price is $1.06 and its two-hundred day moving average price is $1.27. The stock has a market capitalization of $26.66 million, a P/E ratio of 2.23 and a beta of 0.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.07.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.02 EPS for the quarter. The company had revenue of $34.04 million during the quarter. SPAR Group had a negative net margin of 6.28% and a negative return on equity of 41.10%. As a group, research analysts expect that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp bought a new position in SPAR Group in the 4th quarter worth approximately $39,000. Geode Capital Management LLC boosted its holdings in SPAR Group by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 150,068 shares of the business services provider’s stock worth $291,000 after buying an additional 13,377 shares during the period. CSS LLC IL boosted its holdings in SPAR Group by 679.4% in the 4th quarter. CSS LLC IL now owns 177,669 shares of the business services provider’s stock worth $345,000 after buying an additional 154,873 shares during the period. Renaissance Technologies LLC boosted its holdings in SPAR Group by 6.3% in the 4th quarter. Renaissance Technologies LLC now owns 231,794 shares of the business services provider’s stock worth $450,000 after buying an additional 13,794 shares during the period. Finally, Beryl Capital Management LLC boosted its holdings in SPAR Group by 4.7% in the 4th quarter. Beryl Capital Management LLC now owns 763,878 shares of the business services provider’s stock worth $1,482,000 after buying an additional 34,242 shares during the period. 9.57% of the stock is owned by institutional investors.

About SPAR Group

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.