Superior Group of Companies (NASDAQ:SGC) Shares Pass Below 200 Day Moving Average – Time to Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.60 and traded as low as $9.96. Superior Group of Companies shares last traded at $10.07, with a volume of 31,219 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Superior Group of Companies in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Superior Group of Companies Trading Up 1.3%

The business’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $10.60. The stock has a market cap of $163.21 million, a price-to-earnings ratio of 28.39, a PEG ratio of 2.33 and a beta of 1.49. The company has a quick ratio of 1.83, a current ratio of 2.94 and a debt-to-equity ratio of 0.48.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Monday, November 3rd. The textile maker reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. The firm had revenue of $138.47 million during the quarter, compared to analyst estimates of $144.49 million. On average, research analysts expect that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date was Friday, November 14th. Superior Group of Companies’s dividend payout ratio is 155.56%.

Hedge Funds Weigh In On Superior Group of Companies

Several institutional investors and hedge funds have recently modified their holdings of SGC. Russell Investments Group Ltd. boosted its holdings in shares of Superior Group of Companies by 55.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,263 shares of the textile maker’s stock worth $46,000 after buying an additional 1,520 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Superior Group of Companies during the second quarter worth approximately $122,000. Ancora Advisors LLC bought a new stake in shares of Superior Group of Companies during the first quarter worth approximately $133,000. Bank of America Corp DE grew its position in shares of Superior Group of Companies by 20.5% in the second quarter. Bank of America Corp DE now owns 14,780 shares of the textile maker’s stock valued at $152,000 after purchasing an additional 2,511 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Superior Group of Companies during the third quarter worth approximately $176,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.