SPAR Group (NASDAQ:SGRP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.12 and traded as low as $1.80. SPAR Group shares last traded at $1.83, with a volume of 116,845 shares.

SPAR Group Trading Up 5.4 %

The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.77 and a current ratio of 1.77. The stock has a market capitalization of $45.49 million, a PE ratio of 3.80 and a beta of 0.69. The business’s 50-day moving average is $2.01 and its two-hundred day moving average is $2.12.

Insider Activity

In other news, major shareholder Robert G/ Brown sold 21,221 shares of SPAR Group stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.45, for a total transaction of $51,991.45. Following the completion of the transaction, the insider now owns 2,476,378 shares of the company’s stock, valued at $6,067,126.10. The trade was a 0.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 45,060 shares of company stock worth $99,682. Company insiders own 59.66% of the company’s stock.

Institutional Investors Weigh In On SPAR Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in shares of SPAR Group by 35.0% during the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after buying an additional 35,450 shares in the last quarter. Renaissance Technologies LLC grew its stake in SPAR Group by 199.6% in the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider’s stock worth $297,000 after acquiring an additional 82,029 shares during the period. Dimensional Fund Advisors LP purchased a new stake in SPAR Group in the 2nd quarter worth approximately $68,000. Oddo BHF Asset Management Sas acquired a new position in SPAR Group in the 3rd quarter valued at $81,000. Finally, Murchinson Ltd. purchased a new position in shares of SPAR Group during the 3rd quarter worth $196,000. Hedge funds and other institutional investors own 9.57% of the company’s stock.

About SPAR Group

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.