SPAR Group (NASDAQ:SGRP) Shares Pass Below 200 Day Moving Average – Here’s Why

SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.75 and traded as low as $0.4966. SPAR Group shares last traded at $0.5003, with a volume of 572,300 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SPAR Group in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

SPAR Group Stock Down 14.6%

The stock has a fifty day moving average of $0.76 and a 200 day moving average of $0.75. The firm has a market capitalization of $14.21 million, a P/E ratio of -0.49 and a beta of 0.21. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.88.

Insider Activity

In other SPAR Group news, CFO Steven Michael Hennen bought 78,000 shares of the firm’s 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 transaction, the chief financial officer directly owned 133,000 shares in the company, valued at $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 accessible through the SEC website. 43.02% of the stock is currently owned by corporate 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.