Sparta Commercial Services (OTCMKTS:SRCO) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Sparta Commercial Services, Inc. (OTCMKTS:SRCO) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.09 and traded as high as $0.0904. Sparta Commercial Services shares last traded at $0.0904, with a volume of 7,200 shares traded.

Sparta Commercial Services Stock Up 6.4%

The stock has a 50 day simple moving average of $0.09 and a 200 day simple moving average of $0.10. The company has a market capitalization of $4.92 million, a price-to-earnings ratio of -2.26 and a beta of -0.02.

Sparta Commercial Services (OTCMKTS:SRCO) last announced its quarterly earnings results on Monday, March 23rd. The financial services provider reported ($0.01) earnings per share for the quarter. The firm had revenue of $0.09 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.