SPAR Group (NASDAQ:SGRP) Shares Cross Below 200-Day Moving Average – Here’s What Happened

SPAR Group, Inc. (NASDAQ:SGRP)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.98 and traded as low as $0.78. SPAR Group shares last traded at $0.78, with a volume of 9,870 shares trading hands.

SPAR Group Trading Down 0.1%

The firm has a market cap of $18.68 million, a price-to-earnings ratio of -11.14 and a beta of 0.10. The company’s 50-day moving average price is $0.81 and its 200-day moving average price is $0.98. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.07.

Insider Buying and Selling

In other news, CFO Steven Michael Hennen acquired 55,000 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were bought at an average price of $0.78 per share, for a total transaction of $42,900.00. Following the acquisition, the chief financial officer owned 55,000 shares of the company’s stock, valued at approximately $42,900. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 50.92% of the company’s stock.

About SPAR Group

SPAR Group, Inc is a U.S.-based provider of retail merchandising and business services to consumer packaged goods companies. Through its nationwide network of local merchandisers, the company delivers in-store product stocking, planogram compliance, retail audits and promotional installations. SPAR Group’s field teams work directly in grocery, pharmacy, big‐box and convenience channels to ensure optimal product placement and availability at the point of sale.

Beyond traditional merchandising, SPAR Group offers retail data collection and analytics to help clients monitor shelf conditions, pricing accuracy and inventory levels across multiple retail outlets.