SPAR Group (NASDAQ:SGRP) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.11 and traded as low as $1.81. SPAR Group shares last traded at $1.82, with a volume of 62,792 shares traded.

SPAR Group Stock Down 2.2 %

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $42.68 million, a PE ratio of 3.57 and a beta of 0.68. The business has a 50-day moving average of $1.92 and a 200 day moving average of $2.11.

Institutional Investors Weigh In On SPAR Group

A number of hedge funds have recently made changes to their positions in the company. Sage Investment Counsel LLC purchased a new stake in SPAR Group during the fourth quarter valued at approximately $29,000. Northern Trust Corp purchased a new stake in SPAR Group during the fourth quarter valued at approximately $39,000. Oddo BHF Asset Management Sas purchased a new stake in SPAR Group during the third quarter valued at approximately $81,000. Virtu Financial LLC purchased a new stake in SPAR Group during the fourth quarter valued at approximately $105,000. Finally, Corsair Capital Management L.P. raised its position in SPAR Group by 3,205,200.0% during the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 64,104 shares during the period. 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.