SPAR Group (NASDAQ:SGRP) Stock Passes Below 200 Day Moving Average – Time to Sell?

Shares of SPAR Group, Inc. (NASDAQ:SGRP) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.98 and traded as low as $0.78. SPAR Group shares last traded at $0.78, with a volume of 9,870 shares trading hands.

SPAR Group Trading Down 0.1%

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average price of $0.81 and a two-hundred day moving average price of $0.98. The firm has a market capitalization of $18.68 million, a price-to-earnings ratio of -11.14 and a beta of 0.10.

Insider Buying and Selling at SPAR Group

In other news, CFO Steven Michael Hennen purchased 55,000 shares of the stock in a transaction dated Friday, December 19th. The shares were purchased at an average price of $0.78 per share, with a total value of $42,900.00. Following the transaction, the chief financial officer owned 55,000 shares in the company, valued at $42,900. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 50.92% of the company’s stock.

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.