Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Superior Group of Companies, Inc. (NASDAQ:SGC)’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 $15.43 and traded as low as $13.67. Superior Group of Companies shares last traded at $13.70, with a volume of 38,873 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on SGC shares. StockNews.com upgraded shares of Superior Group of Companies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 3rd. Barrington Research raised their price target on shares of Superior Group of Companies from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, November 11th.

Superior Group of Companies Price Performance

The stock has a market capitalization of $223.87 million, a price-to-earnings ratio of 16.51, a PEG ratio of 1.52 and a beta of 1.44. The business’s fifty day moving average price is $15.37 and its 200-day moving average price is $15.43. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Tuesday, February 18th. Superior Group of Companies’s dividend payout ratio is currently 67.47%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in Superior Group of Companies by 148.4% during the third quarter. US Bancorp DE now owns 2,894 shares of the textile maker’s stock worth $45,000 after purchasing an additional 1,729 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after purchasing an additional 4,303 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Superior Group of Companies during the third quarter worth about $154,000. HighTower Advisors LLC purchased a new position in Superior Group of Companies during the third quarter worth about $167,000. Finally, Mason & Associates Inc purchased a new position in Superior Group of Companies during the fourth quarter worth about $181,000. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.