SPAR Group (NASDAQ:SGRP) Stock Crosses Below 200 Day Moving Average – Should You 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 $2.11 and traded as low as $1.96. SPAR Group shares last traded at $1.98, with a volume of 121,347 shares.

SPAR Group Trading Down 1.5 %

The firm has a fifty day moving average of $1.92 and a two-hundred day moving average of $2.11. The company has a market cap of $45.73 million, a PE ratio of 3.82 and a beta of 0.68. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06.

Institutional Trading of SPAR Group

A number of institutional investors have recently modified their holdings of the business. Corsair Capital Management L.P. raised its holdings in SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares during the period. Murchinson Ltd. purchased a new position in shares of SPAR Group in the third quarter valued at $196,000. Geode Capital Management LLC lifted its holdings in SPAR Group by 35.0% during the 3rd quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after purchasing an additional 35,450 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in SPAR Group during the 3rd quarter valued at about $81,000. Finally, Sage Investment Counsel LLC purchased a new stake in shares of SPAR Group in the fourth quarter worth about $29,000. 9.57% of the stock is currently owned by hedge funds and other institutional investors.

SPAR Group Company Profile

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.