SPAR Group (NASDAQ:SGRP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.11 and traded as low as $1.81. SPAR Group shares last traded at $1.82, with a volume of 62,792 shares traded.

SPAR Group Trading Down 2.2 %

The firm has a 50-day moving average price of $1.92 and a 200-day moving average price of $2.11. 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 cap of $42.68 million, a PE ratio of 3.57 and a beta of 0.68.

Institutional Investors Weigh In On 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 4th quarter worth about $29,000. Northern Trust Corp bought a new stake in SPAR Group in the 4th quarter worth about $39,000. Oddo BHF Asset Management Sas bought a new stake in SPAR Group in the 3rd quarter worth about $81,000. Virtu Financial LLC bought a new stake in SPAR Group in the 4th quarter worth about $105,000. Finally, Corsair Capital Management L.P. increased its holdings in SPAR Group by 3,205,200.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after buying an additional 64,104 shares in the last quarter. 9.57% of the stock is currently owned by institutional investors.

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.