SPAR Group (NASDAQ:SGRP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

by · The Markets Daily

SPAR Group, Inc. (NASDAQ:SGRP – Get Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.18 and traded as low as $1.91. SPAR Group shares last traded at $1.93, with a volume of 59,178 shares traded.

SPAR Group Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The firm has a fifty day moving average of $2.22 and a 200 day moving average of $2.18. The firm has a market capitalization of $43.85 million, a PE ratio of 3.67 and a beta of 0.67.

Insider Activity at SPAR Group

In related news, major shareholder Robert G/ Brown sold 21,221 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.45, for a total transaction of $51,991.45. Following the completion of the sale, the insider now directly owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 342,540 shares of company stock valued at $827,417. Company insiders own 59.66% of the company’s stock.

Institutional Trading of SPAR Group

Several hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC acquired a new position in SPAR Group during the second quarter worth approximately $27,000. Renaissance Technologies LLC lifted its stake in shares of SPAR Group by 199.6% in the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock valued at $297,000 after acquiring an additional 82,029 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in SPAR Group in the second quarter valued at $68,000. Oddo BHF Asset Management Sas acquired a new stake in SPAR Group in the third quarter valued at $81,000. Finally, Murchinson Ltd. acquired a new stake in SPAR Group during the 3rd quarter worth about $196,000. Institutional investors and hedge funds own 9.57% of the company’s stock.

About SPAR Group

(Get Free Report)

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.

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