SPAR Group (NASDAQ:SGRP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

SPAR Group, Inc. (NASDAQ:SGRP) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.08 and traded as low as $1.04. SPAR Group shares last traded at $1.04, with a volume of 30,668 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

SPAR Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50 day moving average price of $1.08 and a two-hundred day moving average price of $1.08. The stock has a market cap of $24.63 million, a PE ratio of 20.80 and a beta of 0.26.

SPAR Group (NASDAQ:SGRP) last announced its quarterly earnings results on Friday, April 28th. The business services provider reported ($0.03) earnings per share for the quarter. The firm had revenue of $60.02 million for the quarter. SPAR Group had a negative net margin of 3.78% and a negative return on equity of 18.99%. As a group, equities research analysts forecast that SPAR Group, Inc. will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other SPAR Group news, President William Linnane acquired 173,000 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was acquired at an average price of $1.02 per share, for a total transaction of $176,460.00. Following the acquisition, the president owned 190,909 shares in the company, valued at $194,727.18. This represents a 965.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 50.92% of the company’s stock.

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.