Superior Group of Companies (NASDAQ:SGC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.54 and traded as low as $14.76. Superior Group of Companies shares last traded at $15.03, with a volume of 44,605 shares.

Analyst Ratings Changes

SGC has been the subject of several research reports. Barrington Research lifted their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Monday, November 11th. StockNews.com upgraded Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 3rd.

Superior Group of Companies Stock Performance

The company has a quick ratio of 1.87, a current ratio of 2.86 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $242.65 million, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.56 and a beta of 1.44. The company has a 50-day moving average price of $15.79 and a 200-day moving average price of $15.50.

Superior Group of Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.56 annualized dividend and a dividend yield of 3.77%. Superior Group of Companies’s payout ratio is 67.47%.

Institutional Investors Weigh In On Superior Group of Companies

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Superior Group of Companies by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 932,310 shares of the textile maker’s stock valued at $15,411,000 after buying an additional 39,894 shares during the period. North Star Investment Management Corp. raised its holdings in Superior Group of Companies by 16.1% during the third quarter. North Star Investment Management Corp. now owns 389,775 shares of the textile maker’s stock worth $6,038,000 after purchasing an additional 54,000 shares in the last quarter. American Century Companies Inc. lifted its position in Superior Group of Companies by 11.7% in the fourth quarter. American Century Companies Inc. now owns 363,416 shares of the textile maker’s stock worth $6,007,000 after purchasing an additional 38,207 shares during the period. Geode Capital Management LLC boosted its stake in Superior Group of Companies by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 284,320 shares of the textile maker’s stock valued at $4,405,000 after purchasing an additional 9,053 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Superior Group of Companies by 0.9% in the 4th quarter. Wells Fargo & Company MN now owns 252,237 shares of the textile maker’s stock worth $4,169,000 after buying an additional 2,320 shares in the last quarter. Institutional investors and hedge funds own 33.75% of the company’s stock.

Superior Group of Companies Company Profile

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.