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

SPAR Group, Inc. (NASDAQ:SGRP) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.09 and traded as low as $1.35. SPAR Group shares last traded at $1.37, with a volume of 66,820 shares traded.

SPAR Group Price Performance

The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $31.89 million, a P/E ratio of 2.67 and a beta of 0.75. The firm has a 50 day moving average price of $1.83 and a 200 day moving average price of $2.08.

Hedge Funds Weigh In On SPAR Group

Several large investors have recently added to or reduced their stakes in SGRP. Corsair Capital Management L.P. raised its position in shares of 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 valued at $157,000 after purchasing an additional 64,104 shares during the period. Murchinson Ltd. purchased a new stake in SPAR Group in the 3rd quarter worth $196,000. Geode Capital Management LLC raised its holdings in SPAR Group by 35.0% during the third quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 35,450 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of SPAR Group in the third quarter valued at about $81,000. Finally, Sage Investment Counsel LLC bought a new position in shares of SPAR Group in the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 9.57% of the company’s stock.

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.