Insider Buying: James R. Segreto Buys 1,000 Shares of SPAR Group Stock (SGRP)
SPAR Group (NASDAQ:SGRP) CFO James R. Segreto purchased 1,000 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were purchased at an average cost of $1.42 per share, with a total value of $1,420.00. Following the transaction, the chief financial officer now directly owns 10,506 shares in the company, valued at approximately $14,919. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Separately, analysts at Sidoti downgraded shares of SPAR Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 21st.
Shares of SPAR Group (NASDAQ:SGRP) opened at 1.54 on Friday. SPAR Group has a 52-week low of $1.30 and a 52-week high of $3.36. The stock has a 50-day moving average of $1.75 and a 200-day moving average of $1.89. The company has a market cap of $31.8 million and a price-to-earnings ratio of 11.67.
SPAR Group (NASDAQ:SGRP) last released its earnings data on Thursday, May 15th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.05. The company had revenue of $28.00 million for the quarter, compared to the consensus estimate of $25.00 million.
SPAR Group, Inc, (NASDAQ:SGRP) is a diversified international merchandising and marketing services company and provides an array of services worldwide.
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