SPAR Group (NASDAQ:SGRP) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.7197. SPAR Group shares last traded at $0.7397, with a volume of 86,137 shares traded.

SPAR Group Price Performance

The stock has a market capitalization of $18.16 million, a P/E ratio of -0.70 and a beta of 0.23. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a 50-day simple moving average of $0.65 and a 200 day simple moving average of $0.76.

SPAR Group (NASDAQ:SGRP) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.41). SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. The firm had revenue of $22.02 million during the quarter, compared to analyst estimates of $40.00 million. During the same period in the prior year, the business earned ($0.24) EPS.

Insider Activity

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the company’s stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $0.64 per share, with a total value of $49,920.00. Following the purchase, the chief financial officer directly owned 133,000 shares of the company’s stock, valued at $85,120. This trade represents a 141.82% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 50.92% of the stock is owned by corporate insiders.

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.