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

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

SPAR Group Price Performance

The business’s 50-day simple moving average is $2.02 and its two-hundred day simple moving average is $2.12. The stock has a market cap of $42.91 million, a price-to-earnings ratio of 3.59 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77.

Insider Activity at SPAR Group

In other news, major shareholder Robert G/ Brown sold 21,221 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $2.45, for a total value 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. This represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 45,060 shares of company stock valued at $99,682 in the last 90 days. 59.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SPAR Group

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of SPAR Group during the second quarter valued at $25,000. Dimensional Fund Advisors LP acquired a new stake in SPAR Group in the second quarter valued at $68,000. Oddo BHF Asset Management Sas bought a new position in SPAR Group during the 3rd quarter worth $81,000. Corsair Capital Management L.P. lifted its holdings 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 worth $157,000 after buying an additional 64,104 shares during the period. Finally, Murchinson Ltd. bought a new stake in shares of SPAR Group in the 3rd quarter valued at about $196,000. 9.57% of the stock is 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.