Superior Group of Companies (NASDAQ:SGC) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.55 and traded as low as $10.07. Superior Group of Companies shares last traded at $10.14, with a volume of 22,062 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Superior Group of Companies currently has a consensus rating of “Moderate Buy” and an average price target of $17.33.

Superior Group of Companies Trading Down 0.6%

The company has a 50 day moving average of $9.70 and a 200 day moving average of $10.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.83 and a current ratio of 2.94. The stock has a market capitalization of $161.94 million, a price-to-earnings ratio of 28.17, a P/E/G ratio of 1.35 and a beta of 1.48.

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

Superior Group of Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued 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 5.5%. Superior Group of Companies’s dividend payout ratio is presently 155.56%.

Institutional Investors Weigh In On Superior Group of Companies

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in shares of Superior Group of Companies by 6.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,708 shares of the textile maker’s stock worth $182,000 after purchasing an additional 1,021 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Superior Group of Companies by 9.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 12,329 shares of the textile maker’s stock worth $119,000 after buying an additional 1,028 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Superior Group of Companies by 0.8% during the second quarter. Bridgeway Capital Management LLC now owns 176,303 shares of the textile maker’s stock valued at $1,816,000 after acquiring an additional 1,331 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in shares of Superior Group of Companies by 7.6% in the 3rd quarter. Arete Wealth Advisors LLC now owns 18,984 shares of the textile maker’s stock valued at $204,000 after acquiring an additional 1,348 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Superior Group of Companies by 55.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,263 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 1,520 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

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.