SPAR Group (NASDAQ:SGRP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

SPAR Group, Inc. (NASDAQ:SGRP) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.11 and traded as low as $1.96. SPAR Group shares last traded at $1.98, with a volume of 121,347 shares traded.

SPAR Group Trading Down 1.5 %

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 firm’s fifty day simple moving average is $1.92 and its 200-day simple moving average is $2.11. The stock has a market cap of $45.73 million, a P/E ratio of 3.82 and a beta of 0.68.

Institutional Trading of SPAR Group

Large investors have recently bought and sold shares of the business. Sage Investment Counsel LLC bought a new stake in SPAR Group in the fourth quarter valued at $29,000. Northern Trust Corp bought a new position in shares of SPAR Group in the fourth quarter valued at approximately $39,000. Oddo BHF Asset Management Sas purchased a new position in shares of SPAR Group during the third quarter valued at approximately $81,000. Virtu Financial LLC bought a new stake in SPAR Group during the fourth quarter worth $105,000. Finally, Corsair Capital Management L.P. lifted its stake in SPAR Group by 3,205,200.0% during the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 64,104 shares in the last quarter. 9.57% of the stock is currently owned by institutional investors and hedge funds.

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.