SPAR Group (NASDAQ:SGRP) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.11 and traded as low as $1.81. SPAR Group shares last traded at $1.82, with a volume of 62,792 shares changing hands.

SPAR Group Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77. The firm has a market cap of $42.68 million, a PE ratio of 3.57 and a beta of 0.68. The firm has a 50-day simple moving average of $1.92 and a 200 day simple moving average of $2.11.

Hedge Funds Weigh In On SPAR Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SGRP. CSS LLC IL lifted its position in SPAR Group by 679.4% during the fourth quarter. CSS LLC IL now owns 177,669 shares of the business services provider’s stock valued at $345,000 after buying an additional 154,873 shares during the period. Murchinson Ltd. purchased a new position in shares of SPAR Group in the 3rd quarter worth about $196,000. Corsair Capital Management L.P. raised its position in shares of SPAR Group by 3,205,200.0% in the 3rd quarter. Corsair Capital Management L.P. now owns 64,106 shares of the business services provider’s stock worth $157,000 after purchasing an additional 64,104 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of SPAR Group in the 4th quarter worth about $105,000. Finally, Geode Capital Management LLC raised its position in shares of SPAR Group by 35.0% in the 3rd quarter. Geode Capital Management LLC now owns 136,691 shares of the business services provider’s stock worth $335,000 after purchasing an additional 35,450 shares during the last quarter. 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.