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

Superior Group of Companies, Inc. (NASDAQ:SGC) 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.

Analysts Set New Price Targets

Several research firms have recently commented on SGC. Barrington Research reduced their price target on shares of 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. StockNews.com downgraded Superior Group of Companies from a “buy” rating to a “hold” rating in a research report on Thursday, March 20th. Finally, DA Davidson lowered their price target on Superior Group of Companies from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, March 12th.

Superior Group of Companies Stock Up 1.1 %

The business’s 50 day moving average price is $13.52 and its 200-day moving average price is $15.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.87 and a current ratio of 2.86. The firm has a market capitalization of $181.26 million, a PE ratio of 13.25, a P/E/G ratio of 1.52 and a beta of 1.55.

Superior Group of Companies (NASDAQ:SGC) last announced its earnings results on Tuesday, March 11th. The textile maker reported $0.13 earnings per share (EPS) 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 research analysts forecast that Superior Group of Companies, Inc. will post 0.77 earnings per share for the current year.

Superior Group of Companies Dividend Announcement

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

Institutional Trading of Superior Group of Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC boosted its stake in shares of Superior Group of Companies by 129.1% in the third quarter. MetLife Investment Management LLC now owns 7,637 shares of the textile maker’s stock valued at $118,000 after purchasing an additional 4,303 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Superior Group of Companies during the 3rd quarter worth approximately $154,000. HighTower Advisors LLC purchased a new position in Superior Group of Companies in the 3rd quarter valued at approximately $167,000. Mason & Associates Inc acquired a new position in shares of Superior Group of Companies in the fourth quarter worth $181,000. Finally, EMC Capital Management increased its position in shares of Superior Group of Companies by 59.5% during the fourth quarter. EMC Capital Management now owns 11,803 shares of the textile maker’s stock worth $195,000 after acquiring an additional 4,405 shares during the period. 33.75% of the stock is currently owned by hedge funds and other institutional investors.

Superior Group of Companies Company Profile

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.