SPAR Group (NASDAQ:SGRP) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.75 and traded as high as $0.8397. SPAR Group shares last traded at $0.8175, with a volume of 65,966 shares changing hands.

SPAR Group Trading Up 2.2%

The firm’s 50-day simple moving average is $0.68 and its 200 day simple moving average is $0.75. The stock has a market cap of $20.54 million, a P/E ratio of -0.79 and a beta of 0.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15.

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

Insider Buying and Selling

In other SPAR Group news, CFO Steven Michael Hennen bought 78,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were purchased at an average cost of $0.64 per share, for a total transaction of $49,920.00. Following the transaction, the chief financial officer directly owned 133,000 shares in the company, valued at $85,120. The trade was a 141.82% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 51.48% of the stock is currently owned by corporate insiders.

SPAR Group Company Profile

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.