SPAR Group (NASDAQ:SGRP) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.77 and traded as low as $0.7197. SPAR Group shares last traded at $0.7397, with a volume of 86,137 shares.

SPAR Group Trading Up 0.1%

The business’s 50 day moving average price is $0.65 and its 200-day moving average price is $0.77. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15. The company has a market cap of $18.59 million, a price-to-earnings ratio of -0.72 and a beta of 0.23.

SPAR Group (NASDAQ:SGRP) last posted its earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.41). The company had revenue of $22.02 million for the quarter, compared to analyst estimates of $40.00 million. SPAR Group had a negative return on equity of 107.74% and a negative net margin of 18.51%.During the same quarter in the prior year, the business posted ($0.24) EPS.

Insider Activity

In related news, CFO Steven Michael Hennen bought 78,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the purchase, the chief financial officer owned 133,000 shares in the company, valued at $85,120. This represents a 141.82% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 50.92% of the company’s stock.

About SPAR Group

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.