SPAR Group (NASDAQ:SGRP) CFO Acquires $42,900.00 in Stock

SPAR Group, Inc. (NASDAQ:SGRP) CFO Steven Michael Hennen bought 55,000 shares of the firm’s stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average price of $0.78 per share, for a total transaction of $42,900.00. Following the completion of the transaction, the chief financial officer directly owned 55,000 shares of the company’s stock, valued at $42,900. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

SPAR Group Price Performance

NASDAQ SGRP traded up $0.01 during trading on Tuesday, hitting $0.79. 72,158 shares of the stock traded hands, compared to its average volume of 82,495. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07. SPAR Group, Inc. has a 12-month low of $0.76 and a 12-month high of $2.10. The firm has a 50-day simple moving average of $0.94 and a 200-day simple moving average of $1.04. The company has a market capitalization of $18.80 million, a P/E ratio of -11.21 and a beta of 0.09.

SPAR Group (NASDAQ:SGRP) last issued its quarterly earnings data on Friday, November 14th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.13). SPAR Group had a negative return on equity of 34.89% and a negative net margin of 9.52%.The firm had revenue of $41.42 million for the quarter, compared to analysts’ expectations of $45.00 million. As a group, analysts predict that SPAR Group, Inc. will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SPAR Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPAR Group has an average rating of “Sell”.

SPAR Group Company Profile

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.