SPAR Group (NASDAQ:SGRP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.86 and traded as low as $0.5010. SPAR Group shares last traded at $0.5175, with a volume of 19,957 shares trading hands.

SPAR Group Stock Performance

The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.83 and a current ratio of 0.83. The stock has a fifty day simple moving average of $0.72 and a two-hundred day simple moving average of $0.85. The stock has a market capitalization of $14.51 million, a price-to-earnings ratio of -0.58 and a beta of 0.19.

SPAR Group (NASDAQ:SGRP) last issued 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). SPAR Group had a negative return on equity of 66.43% and a negative net margin of 18.09%.The business had revenue of $22.02 million for the quarter, compared to analyst estimates of $40.00 million. During the same quarter in the previous year, the business posted ($0.24) earnings per share. Analysts forecast that SPAR Group, Inc. will post 0.09 earnings per share for the current fiscal year.

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.