SPAR Group (NASDAQ:SGRP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of SPAR Group, Inc. (NASDAQ:SGRP) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.75 and traded as high as $0.78. SPAR Group shares last traded at $0.78, with a volume of 130,476 shares changing hands.

SPAR Group Trading Up 4.0%

The firm has a market capitalization of $19.60 million, a PE ratio of -0.76 and a beta of 0.23. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 46.15. The stock’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.75.

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

Insider Activity

In other news, CFO Steven Michael Hennen acquired 78,000 shares of SPAR Group stock in a transaction dated Friday, May 1st. The stock was purchased at an average cost of $0.64 per share, with a total value of $49,920.00. Following the completion of the purchase, the chief financial officer directly owned 133,000 shares in the company, valued at approximately $85,120. This trade represents a 141.82% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 50.92% of the stock is currently owned by company insiders.

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.