SPAR Group (NASDAQ:SGRP) Stock Passes Below Two Hundred Day Moving Average of $1.11

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.11 and traded as low as $0.97. SPAR Group shares last traded at $0.97, with a volume of 3,806 shares traded.

SPAR Group Trading Up 0.5 %

The company’s 50 day simple moving average is $0.96 and its 200 day simple moving average is $1.11. The firm has a market cap of $22.66 million, a price-to-earnings ratio of 16.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.53 and a quick ratio of 1.53.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Monday, August 14th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The firm had revenue of $65.94 million for the quarter, compared to analyst estimates of $70.00 million. SPAR Group had a return on equity of 11.32% and a net margin of 0.54%. As a group, research analysts expect that SPAR Group, Inc. will post 0.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SPAR Group

An institutional investor recently raised its position in SPAR Group stock. Renaissance Technologies LLC grew its holdings in SPAR Group, Inc. (NASDAQ:SGRP) by 44.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 89,500 shares of the business services provider’s stock after buying an additional 27,500 shares during the period. Renaissance Technologies LLC owned 0.41% of SPAR Group worth $116,000 at the end of the most recent reporting period. 9.21% of the stock is currently owned by institutional investors.

About SPAR Group

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements.