Superior Group of Companies (NASDAQ:SGC) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Superior Group of Companies, Inc. (NASDAQ:SGC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.12 and traded as low as $10.91. Superior Group of Companies shares last traded at $10.94, with a volume of 69,986 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson lowered their price target on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Barrington Research decreased their target price on Superior Group of Companies from $21.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, March 13th. Finally, StockNews.com lowered shares of Superior Group of Companies from a “buy” rating to a “hold” rating in a report on Thursday, March 20th.

Superior Group of Companies Stock Up 1.1 %

The firm has a market cap of $181.26 million, a price-to-earnings ratio of 13.25, a PEG ratio of 1.52 and a beta of 1.55. The business has a fifty day simple moving average of $13.52 and a 200 day simple moving average of $15.06. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.86 and a quick ratio of 1.87.

Superior Group of Companies (NASDAQ:SGC) last announced its quarterly earnings data on Tuesday, March 11th. The textile maker reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.09). Superior Group of Companies had a net margin of 2.37% and a return on equity of 6.75%. The firm had revenue of $145.41 million during the quarter, compared to analysts’ expectations of $146.54 million. As a group, equities analysts forecast that Superior Group of Companies, Inc. will post 0.77 EPS for the current fiscal year.

Superior Group of Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.14 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $0.56 dividend on an annualized basis and a yield of 5.09%. Superior Group of Companies’s payout ratio is 75.68%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC lifted its position in Superior Group of Companies by 129.1% during the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock worth $118,000 after buying an additional 4,303 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Superior Group of Companies in the 3rd quarter worth $154,000. HighTower Advisors LLC purchased a new position in shares of Superior Group of Companies during the 3rd quarter worth $167,000. Mason & Associates Inc acquired a new position in shares of Superior Group of Companies during the 4th quarter valued at about $181,000. Finally, EMC Capital Management grew its holdings in shares of Superior Group of Companies by 59.5% in the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock valued at $195,000 after purchasing an additional 4,405 shares during the period. 33.75% of the stock is currently owned by institutional investors and hedge funds.

About Superior Group of Companies

Superior Group of Companies, Inc manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment produces and sells customized merchandising solutions, promotional products, and branded uniform to chain retailer, food service, entertainment, technology, transportation, and other industries under BAMKO and HPI brands.