Superior Group of Companies (NASDAQ:SGC) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.57 and traded as low as $9.63. Superior Group of Companies shares last traded at $9.86, with a volume of 33,862 shares changing hands.

Analyst Ratings Changes

SGC has been the subject of several analyst reports. Wall Street Zen downgraded shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Superior Group of Companies in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.33.

Superior Group of Companies Trading Down 0.9%

The company has a debt-to-equity ratio of 0.48, a current ratio of 2.94 and a quick ratio of 1.83. The firm has a market capitalization of $157.46 million, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. The stock’s 50-day simple moving average is $9.60 and its two-hundred day simple moving average is $10.57.

Superior Group of Companies (NASDAQ:SGC) last issued its earnings results on Monday, November 3rd. The textile maker reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Superior Group of Companies had a return on equity of 2.89% and a net margin of 1.00%.The company had revenue of $138.47 million for the quarter, compared to the consensus estimate of $144.49 million. Equities research analysts expect that Superior Group of Companies, Inc. will post 0.77 EPS for the current year.

Superior Group of Companies Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Superior Group of Companies by 2.0% during the third quarter. Vanguard Group Inc. now owns 690,185 shares of the textile maker’s stock valued at $7,399,000 after purchasing an additional 13,250 shares in the last quarter. North Star Investment Management Corp. raised its stake in Superior Group of Companies by 7.7% in the third quarter. North Star Investment Management Corp. now owns 420,975 shares of the textile maker’s stock worth $4,513,000 after buying an additional 30,200 shares in the last quarter. American Century Companies Inc. lifted its holdings in Superior Group of Companies by 2.5% during the second quarter. American Century Companies Inc. now owns 383,425 shares of the textile maker’s stock worth $3,949,000 after buying an additional 9,347 shares during the period. Advisory Services Network LLC bought a new stake in Superior Group of Companies during the 3rd quarter valued at $2,596,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Superior Group of Companies by 8.6% in the 1st quarter. Acadian Asset Management LLC now owns 238,054 shares of the textile maker’s stock valued at $2,602,000 after acquiring an additional 18,833 shares during the period. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.