SPAR Group (NASDAQ:SGRP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

SPAR Group, Inc. (NASDAQ:SGRP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.75 and traded as high as $0.78. SPAR Group shares last traded at $0.78, with a volume of 130,476 shares trading hands.

SPAR Group Price Performance

The firm has a 50 day moving average of $0.66 and a 200-day moving average of $0.75. The company has a market cap of $20.96 million, a P/E ratio of -0.81 and a beta of 0.23. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 46.15.

SPAR Group (NASDAQ:SGRP) last issued its earnings results on Tuesday, March 31st. The business services provider reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.41). The business had revenue of $22.02 million for the quarter, compared to the consensus estimate of $40.00 million. SPAR Group had a negative net margin of 18.51% and a negative return on equity of 107.74%. During the same period last year, the business posted ($0.24) EPS.

Insiders Place Their Bets

In other news, CFO Steven Michael Hennen purchased 78,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $0.64 per share, for a total transaction of $49,920.00. Following the acquisition, the chief financial officer directly owned 133,000 shares of the company’s stock, valued at $85,120. This represents a 141.82% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 50.92% of the stock is owned by corporate insiders.

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.