Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Superior Group of Companies, Inc. (NASDAQ:SGC) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.60 and traded as low as $9.75. Superior Group of Companies shares last traded at $9.77, with a volume of 74,538 shares traded.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen cut shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barrington Research raised their target price on shares of Superior Group of Companies from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Superior Group of Companies Price Performance

The company’s fifty day moving average price is $9.72 and its 200 day moving average price is $10.60. The company has a quick ratio of 1.83, a current ratio of 2.94 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $156.03 million, a P/E ratio of 27.14, a PEG ratio of 2.26 and a beta of 1.49.

Superior Group of Companies (NASDAQ:SGC) last released its earnings results on Monday, November 3rd. The textile maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. The firm had revenue of $138.47 million during the quarter, compared to the consensus estimate of $144.49 million. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were given a $0.14 dividend. The ex-dividend date was Friday, November 14th. This represents a $0.56 dividend on an annualized basis and a yield of 5.7%. Superior Group of Companies’s dividend payout ratio (DPR) is currently 155.56%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SGC. Advisory Services Network LLC bought a new stake in Superior Group of Companies during the 3rd quarter worth $2,596,000. Citadel Advisors LLC acquired a new stake in shares of Superior Group of Companies during the third quarter valued at about $217,000. Two Sigma Investments LP grew its holdings in shares of Superior Group of Companies by 33.6% during the third quarter. Two Sigma Investments LP now owns 33,421 shares of the textile maker’s stock worth $358,000 after purchasing an additional 8,412 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Superior Group of Companies by 2.3% in the third quarter. Bridgeway Capital Management LLC now owns 180,335 shares of the textile maker’s stock valued at $1,933,000 after buying an additional 4,032 shares during the period. Finally, Squarepoint Ops LLC bought a new position in Superior Group of Companies in the 3rd quarter valued at approximately $199,000. 33.75% of the stock is currently owned by institutional investors.

About Superior Group of Companies

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.