SPAR Group (NASDAQ:SGRP) Stock Falls 32.1% – Should You Sell?

SPAR Group, Inc. (NASDAQ:SGRP)’s share price dropped 32.1% during trading on Friday. The company 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 session volume of 97,732 shares. The stock had previously closed at $0.6479.

SPAR Group Stock Performance

The stock has a market cap of $12.50 million, a P/E ratio of -0.43 and a beta of 0.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15. The stock has a 50 day simple moving average of $0.66 and a 200 day simple moving average of $0.69.

Hedge Funds Weigh In On 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) in the 2nd quarter, according to its most recent 13F filing with the Securities & 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 about 2.28% of SPAR Group at the end of the most recent reporting period. Hedge funds and other institutional investors own 9.57% of the company’s stock.

About SPAR Group

SPAR Group, Inc. provides merchandising and other retail services to consumer goods companies and retailers. Its work helps clients present products in stores, support retail operations and carry out marketing programs. The company’s services include in-store merchandising, product resets and display installation, retail audits, and assembly of products such as furniture and outdoor equipment. It also offers services related to store remodels and other retail projects. SPAR Group serves clients in the United States and international markets.