Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.50 and traded as low as $9.24. Superior Group of Companies shares last traded at $9.70, with a volume of 120,838 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on SGC. Wall Street Zen cut Superior Group of Companies from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Superior Group of Companies in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

Superior Group of Companies Trading Down 2.7%

The company has a quick ratio of 1.83, a current ratio of 2.94 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $9.79 and its two-hundred day moving average price is $10.50. The firm has a market cap of $154.91 million, a PE ratio of 26.94, a P/E/G ratio of 1.32 and a beta of 1.48.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Monday, November 3rd. The textile maker reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). Superior Group of Companies had a net margin of 1.00% and a return on equity of 2.89%. The firm had revenue of $138.47 million during the quarter, compared to analyst estimates of $144.49 million. As a group, sell-side analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, November 14th. Superior Group of Companies’s dividend payout ratio (DPR) is currently 155.56%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Superior Group of Companies during the 3rd quarter worth $2,596,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Superior Group of Companies in the third quarter valued at about $623,000. North Star Investment Management Corp. boosted its holdings in Superior Group of Companies by 7.7% during the third quarter. North Star Investment Management Corp. now owns 420,975 shares of the textile maker’s stock worth $4,513,000 after buying an additional 30,200 shares in the last quarter. Daytona Street Capital LLC acquired a new position in Superior Group of Companies during the fourth quarter worth about $290,000. Finally, Citadel Advisors LLC acquired a new position in Superior Group of Companies during the third quarter worth about $217,000. Hedge funds and other institutional investors own 33.75% of the company’s stock.

About Superior Group of Companies

Superior Group of Companies is a global developer and manufacturer of specialty packaging materials, including films, laminations and pressure-sensitive adhesives. Founded in 1969 and headquartered in Santa Fe Springs, California, the company combines advanced printing technologies with materials science expertise to deliver customized packaging solutions for industries such as food and beverage, healthcare, personal care and household products.

Through a network of manufacturing and distribution facilities across North America, Europe and Asia, Superior Group serves both multinational brand owners and regional producers.