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

SPAR Group, Inc. (NASDAQ:SGRP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.04 and traded as low as $0.7625. SPAR Group shares last traded at $0.77, with a volume of 152,099 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, According to data from MarketBeat, SPAR Group presently has an average rating of “Sell”.

SPAR Group Trading Down 0.2%

The stock’s 50-day simple moving average is $0.95 and its two-hundred day simple moving average is $1.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $18.44 million, a P/E ratio of -11.00 and a beta of 0.09.

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

Insider Buying and Selling

In other SPAR Group news, President William Linnane acquired 173,000 shares of the stock in a transaction dated Friday, October 3rd. The shares were acquired at an average cost of $1.02 per share, for a total transaction of $176,460.00. Following the completion of the transaction, the president directly owned 190,909 shares of the company’s stock, valued at approximately $194,727.18. The trade was a 965.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 50.92% of the stock is currently owned by corporate insiders.

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.