SPAR Group (NASDAQ:SGRP) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.11 and traded as low as $1.81. SPAR Group shares last traded at $1.82, with a volume of 62,792 shares changing hands.

SPAR Group Stock Down 2.2 %

The firm has a market cap of $42.68 million, a P/E ratio of 3.57 and a beta of 0.68. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $1.92 and a 200-day simple moving average of $2.11.

Hedge Funds Weigh In On SPAR Group

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of SPAR Group by 35.0% in the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after acquiring an additional 35,450 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of SPAR Group in the third quarter worth about $81,000. Murchinson Ltd. bought a new position in shares of SPAR Group in the third quarter worth about $196,000. Corsair Capital Management L.P. boosted its stake in shares of SPAR Group by 3,205,200.0% in the third quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after acquiring an additional 64,104 shares during the period. Finally, Northern Trust Corp bought a new position in shares of SPAR Group in the fourth quarter worth about $39,000. Institutional investors own 9.57% of the company’s stock.

SPAR Group Company Profile

SPAR Group, Inc, together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The company offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets; planogram maintenance; display and shelf services; and point of purchase installation and management.