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

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.75 and traded as low as $0.4966. SPAR Group shares last traded at $0.5003, with a volume of 572,300 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SPAR Group in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SPAR Group currently has a consensus rating of “Sell”.

SPAR Group Price Performance

The stock has a market capitalization of $8.16 million, a price-to-earnings ratio of -0.28 and a beta of 0.21. The company has a fifty day simple moving average of $0.76 and a 200 day simple moving average of $0.74. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.88 and a current ratio of 0.88.

Insider Activity at SPAR Group

In related news, CFO Steven Michael Hennen bought 78,000 shares of SPAR Group stock in a transaction that occurred on Friday, May 1st. The shares were acquired at an average cost of $0.64 per share, for a total transaction of $49,920.00. Following the completion of the acquisition, the chief financial officer directly owned 133,000 shares of the company’s stock, valued at approximately $85,120. The trade was a 141.82% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 43.02% of the stock is currently owned by corporate insiders.

SPAR Group Company Profile

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.