Sparta Commercial Services (OTCMKTS:SRCO) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Sparta Commercial Services, Inc. (OTCMKTS:SRCO)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.13 and traded as low as $0.0950. Sparta Commercial Services shares last traded at $0.0950, with a volume of 10,000 shares trading hands.

Sparta Commercial Services Stock Down 5.8%

The stock has a 50 day moving average price of $0.11 and a 200 day moving average price of $0.13. The stock has a market capitalization of $4.92 million, a price-to-earnings ratio of -2.38 and a beta of -0.36.

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

About Sparta Commercial Services

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.