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SPAR Group (NASDAQ:SGRP) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

The analysts wrote, “Spar Group (SGRP) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow.”

Shares of SPAR Group (NASDAQ:SGRP) traded down 1.99% on Tuesday, hitting $1.4701. 752 shares of the company’s stock traded hands. SPAR Group has a 52 week low of $1.30 and a 52 week high of $3.36. The stock’s 50-day moving average is $1.73 and its 200-day moving average is $1.89. The company has a market cap of $30.4 million and a P/E ratio of 11.36.

SPAR Group (NASDAQ:SGRP) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the 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.

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.

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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