SPAR Group (NASDAQ:SGRP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

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 $2.16 and traded as low as $1.91. SPAR Group shares last traded at $1.97, with a volume of 43,398 shares.

SPAR Group Trading Down 1.0 %

The stock’s 50-day moving average is $2.14 and its two-hundred day moving average is $2.15. The stock has a market cap of $45.73 million, a P/E ratio of 3.82 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.77 and a quick ratio of 1.77.

Insider Activity at SPAR Group

In related news, major shareholder Robert G/ Brown sold 162,454 shares of SPAR Group stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $2.40, for a total transaction of $389,889.60. Following the completion of the transaction, the insider now directly owns 2,568,446 shares in the company, valued at approximately $6,164,270.40. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 342,540 shares of company stock worth $827,417 over the last three months. 59.66% of the stock is owned by corporate insiders.

Institutional Trading of SPAR Group

A number of hedge funds and other institutional investors have recently modified their holdings of SGRP. XTX Topco Ltd acquired a new position in SPAR Group in the 2nd quarter valued at about $25,000. Acadian Asset Management LLC acquired a new stake in SPAR Group during the 2nd quarter worth $27,000. Dimensional Fund Advisors LP acquired a new stake in shares of SPAR Group in the second quarter valued at approximately $68,000. Oddo BHF Asset Management Sas acquired a new position in SPAR Group in the 3rd quarter valued at about $81,000. Finally, Geode Capital Management LLC lifted its stake 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 acquiring an additional 35,450 shares during the period. 9.57% of the stock is owned by institutional investors and hedge funds.

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.