Sparta Commercial Services (OTCMKTS:SRCO) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Sparta Commercial Services, Inc. (OTCMKTS:SRCOGet Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.27 and traded as low as $0.27. Sparta Commercial Services shares last traded at $0.28, with a volume of 16,000 shares changing hands.

Sparta Commercial Services Price Performance

The stock’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.27. The company has a market cap of $11.11 million, a P/E ratio of -9.33 and a beta of -1.03.

Sparta Commercial Services (OTCMKTS:SRCOGet Free Report) last released its quarterly earnings results on Monday, December 23rd. The financial services provider reported ($0.01) earnings per share for the quarter.

About Sparta Commercial Services

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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.

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