SPAR Group (NASDAQ:SGRP) Stock Price Down 32.1% – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP) shares dropped 32.1% on Friday. The stock traded as low as $0.40 and last traded at $0.4401. Approximately 173,660 shares traded hands during trading, an increase of 78% from the average daily volume of 97,732 shares. The stock had previously closed at $0.6479.

SPAR Group Stock Performance

The stock has a market capitalization of $12.50 million, a PE ratio of -0.43 and a beta of 0.18. The company has a debt-to-equity ratio of 46.15, a current ratio of 0.88 and a quick ratio of 0.88. The business’s fifty day moving average price is $0.66 and its 200-day moving average price is $0.69.

Institutional Trading of SPAR Group

A hedge fund recently bought a new stake in SPAR Group stock. Nantahala Capital Management LLC bought a new position in shares of SPAR Group, Inc. (NASDAQ:SGRP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 660,688 shares of the business services provider’s stock, valued at approximately $545,926. Nantahala Capital Management LLC owned 2.28% of SPAR Group at the end of the most recent quarter. 9.57% of the stock is owned by institutional investors and hedge funds.

SPAR Group Company Profile

SPAR Group, Inc. (NASDAQ: SGRP) provides merchandising, brand marketing, and retail services for consumer goods companies and retailers. The company helps clients execute retail strategies in stores and other commercial locations through field-based teams, technology, and project management. Its services include in-store merchandising, retail audits, product demonstrations and assisted sales, store remodels and new-store setups, product assembly and installation, inventory-related support, and other field marketing activities.