Sparta Commercial Services (OTCMKTS:SRCO) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.12 and traded as low as $0.0885. Sparta Commercial Services shares last traded at $0.10, with a volume of 47,279 shares trading hands.

Sparta Commercial Services Stock Performance

The firm’s 50 day simple moving average is $0.11 and its 200-day simple moving average is $0.12. The company has a market capitalization of $5.30 million, a price-to-earnings ratio of -2.50 and a beta of -0.36.

Sparta Commercial Services (OTCMKTS:SRCO) last posted its quarterly earnings results on Friday, December 19th. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.10 million during the quarter.

About Sparta Commercial Services

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.