SPAR Group Inc (NASDAQ:SGRP) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 79,400 shares, an increase of 17.5% from the June 30th total of 67,600 shares. Based on an average trading volume of 32,400 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.9% of the shares of the company are short sold.
In other news, major shareholder Robert G/ Brown sold 50,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $0.75, for a total transaction of $37,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 182,925 shares of company stock worth $130,488. Company insiders own 63.90% of the company’s stock.
Shares of SPAR Group stock traded up $0.17 on Thursday, reaching $0.92. 997,100 shares of the stock were exchanged, compared to its average volume of 49,966. SPAR Group has a 1-year low of $0.45 and a 1-year high of $1.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average price of $0.73 and a two-hundred day moving average price of $0.68. The firm has a market capitalization of $16.41 million, a PE ratio of 11.28 and a beta of 0.55.
SPAR Group (NASDAQ:SGRP) last released its quarterly earnings data on Wednesday, May 15th. The business services provider reported $0.03 EPS for the quarter. The firm had revenue of $57.16 million for the quarter. SPAR Group had a negative net margin of 0.46% and a positive return on equity of 6.13%.
SPAR Group Company Profile
SPAR Group, Inc, together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as product reordering and replenishment; ensuring its products for distribution; adding new products; implementing store planogram schematics; setting product category shelves; ensuring that product shelf tags are in place; checking for salability of the clients' products; placing new product and promotional items in prominent positions; and kiosk replenishment and maintenance services for retailers, manufacturers, and distributors.
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