SPAR Group (NASDAQ:SGRP) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of SPAR Group, Inc. (NASDAQ:SGRP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.98 and traded as low as $0.78. SPAR Group shares last traded at $0.78, with a volume of 9,870 shares traded.

SPAR Group Price Performance

The business has a fifty day moving average price of $0.81 and a 200 day moving average price of $0.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $18.72 million, a price-to-earnings ratio of -11.16 and a beta of 0.10.

Insider Buying and Selling

In related news, CFO Steven Michael Hennen bought 55,000 shares of the stock in a transaction on Friday, December 19th. The shares were purchased at an average price of $0.78 per share, with a total value of $42,900.00. Following the purchase, the chief financial officer owned 55,000 shares in the company, valued at approximately $42,900. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 50.92% of the company’s stock.

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.