Sparta Commercial Services (OTCMKTS:SRCO) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Sparta Commercial Services, Inc. (OTCMKTS:SRCOGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.12 and traded as low as $0.07. Sparta Commercial Services shares last traded at $0.07, with a volume of 87,282 shares.

Sparta Commercial Services Stock Performance

The stock has a market cap of $4.16 million, a P/E ratio of -1.96 and a beta of -0.15. The stock’s 50-day moving average is $0.10 and its 200-day moving average is $0.12.

Sparta Commercial Services (OTCMKTS:SRCOGet Free Report) last released its quarterly earnings results on Monday, March 23rd. The financial services provider reported ($0.01) EPS for the quarter. The business had revenue of $0.09 million for the quarter.

Sparta Commercial Services Company Profile

(Get Free Report)

Sparta Commercial Services, Inc develops, markets, and manages business websites and mobile applications for smartphones and tablets under the iMobileApp name. It offers mobile applications for vehicle dealerships, racetracks, private clubs, country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. The company also owns and manages websites, which sell motorcycle, recreational vehicle, and truck title history reports for consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies; and designs, launches, maintains, and hosts websites for businesses, as well as provides text messaging services.

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