SPAR Group (NASDAQ:SGRP) Share Price Passes Below 200 Day Moving Average - Time to Sell?

SPAR Group, Inc. (NASDAQ:SGRP - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.19 and traded as low as $2.10. SPAR Group shares last traded at $2.22, with a volume of 230,070 shares traded.

SPAR Group Stock Up 2.8 %

The stock has a market cap of $52.06 million, a PE ratio of 4.19 and a beta of 0.71. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.19.

Insider Buying and Selling at SPAR Group

In other SPAR Group news, major shareholder Robert G/ Brown sold 162,454 shares of the firm's stock in a transaction on Friday, October 18th. The stock was sold at an average price of $2.40, for a total value of $389,889.60. Following the transaction, the insider now owns 2,568,446 shares in the company, valued at approximately $6,164,270.40. This trade represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 342,540 shares of company stock worth $827,417. Corporate insiders own 59.66% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in 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 valued at $335,000 after purchasing an additional 35,450 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of SPAR Group by 199.6% in the 2nd quarter. Renaissance Technologies LLC now owns 123,129 shares of the business services provider's stock worth $297,000 after acquiring an additional 82,029 shares during the last quarter. Murchinson Ltd. acquired a new stake in shares of SPAR Group in the 3rd quarter worth $196,000. Corsair Capital Management L.P. increased its stake 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 acquiring an additional 64,104 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of SPAR Group in the 2nd quarter worth $68,000. 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.