Sparta Commercial Services (OTCMKTS:SRCO) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.13 and traded as low as $0.1010. Sparta Commercial Services shares last traded at $0.1010, with a volume of 5,000 shares.

Sparta Commercial Services Stock Down 12.2%

The company has a market cap of $5.13 million, a P/E ratio of -2.53 and a beta of -0.40. The company’s 50-day moving average is $0.11 and its two-hundred day moving average is $0.13.

Sparta Commercial Services (OTCMKTS:SRCO) last released its earnings results on Friday, December 19th. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.10 million for the quarter.

Sparta Commercial Services Company Profile

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.