Superior Group of Companies (NASDAQ:SGC) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Superior Group of Companies, Inc. (NASDAQ:SGC) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.20 and traded as low as $10.02. Superior Group of Companies shares last traded at $10.25, with a volume of 50,835 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SGC shares. Weiss Ratings restated a “hold (c)” rating on shares of Superior Group of Companies in a research report on Thursday, January 22nd. Wall Street Zen raised Superior Group of Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Superior Group of Companies Trading Down 2.8%

The firm has a market capitalization of $156.69 million, a PE ratio of 21.70, a PEG ratio of 1.77 and a beta of 1.47. The company’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.76 and a current ratio of 2.66.

Superior Group of Companies (NASDAQ:SGC) last posted its quarterly earnings results on Tuesday, March 3rd. The textile maker reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $146.58 million for the quarter, compared to analysts’ expectations of $145.23 million. Superior Group of Companies had a return on equity of 3.62% and a net margin of 1.24%. On average, sell-side analysts expect that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 16th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, February 13th. Superior Group of Companies’s dividend payout ratio (DPR) is 121.74%.

Institutional Investors Weigh In On Superior Group of Companies

Several large investors have recently modified their holdings of SGC. Redmont Wealth Advisors LLC acquired a new position in shares of Superior Group of Companies in the third quarter valued at approximately $623,000. North Star Investment Management Corp. boosted its holdings in Superior Group of Companies by 7.7% in the 3rd quarter. North Star Investment Management Corp. now owns 420,975 shares of the textile maker’s stock valued at $4,513,000 after purchasing an additional 30,200 shares in the last quarter. Barclays PLC increased its position in Superior Group of Companies by 5.1% during the 4th quarter. Barclays PLC now owns 33,873 shares of the textile maker’s stock worth $328,000 after purchasing an additional 1,632 shares during the period. Hsbc Holdings PLC raised its stake in shares of Superior Group of Companies by 34.6% during the 2nd quarter. Hsbc Holdings PLC now owns 29,917 shares of the textile maker’s stock worth $309,000 after buying an additional 7,684 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its position in Superior Group of Companies by 40.8% in the fourth quarter. Arete Wealth Advisors LLC now owns 26,735 shares of the textile maker’s stock worth $259,000 after acquiring an additional 7,751 shares in the last quarter. 33.75% of the stock is owned by institutional investors and hedge funds.

Superior Group of Companies Company Profile

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.