EF Hutton Acquisition Co. I lowers Superior Group of Companies (NASDAQ:SGC) price target to $20.00
Superior Group of Companies (NASDAQ:SGC – Get an Assessment) had its price target reduced by EF Hutton Acquisition Co. I from $26.00 to $20.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The company currently has a “buy” rating on shares of the textile maker. The EF Hutton Acquisition Co. I price target suggests a potential upside of 88.68% from the current stock price.
A number of other analysts have also weighed in on SGC recently. StockNews.com began covering Superior Group of Companies stocks in a Wednesday, October 12, report. They have set a “holding” rating on the stock. Barrington Research lowered its price target on Superior Group of Companies stock from $31.00 to $22.00 and set an “outperform” rating on the stock in a Thursday, Aug. 25, report.
Shares of the Superior Group of companies fall 0.9%
SGC lost $0.10 in Wednesday’s trading, hitting $10.60. The company had a trading volume of 10 shares, compared to an average volume of 37,307 shares. The company has a market capitalization of $172.99 million, a PE ratio of -5.54 and a beta of 1.04. Superior Group of Companies has a 1-year minimum of $8.52 and a 1-year maximum of $26.26. The company has a 50-day moving average of $9.79 and a 200-day moving average of $14.38. The company has a debt ratio of 0.66, a current ratio of 3.01 and a quick ratio of 1.81.
Superior Group of Companies (NASDAQ:SGC – Get Rating) last released its results on Monday, August 8. The textile maker reported earnings per share of $0.08 for the quarter, missing analyst consensus estimates of $0.36 per ($0.28). The company posted revenue of $147.93 million for the quarter, versus analyst estimates of $145.95 million. Superior Group of Companies had a positive return on equity of 8.86% and a negative net margin of 1.66%. As a group, analysts expect Superior Group of Companies to post earnings per share of 0.76 for the current year.
Hedge funds weigh on Superior Group of Companies
Institutional investors and hedge funds have recently been buying and selling stocks. Amalgamated Bank bought a new stock position in Superior Group of Companies during Q1 worth approximately $27,000. High Net Worth Advisory Group LLC increased its position in shares of Superior Group of Companies by 322.2% during the 1st quarter. High Net Worth Advisory Group LLC now owns 1,900 shares of the textile maker valued at $34,000 after buying an additional 1,450 shares last quarter. Denali Advisors LLC increased its position in shares of Superior Group of Companies by 57.9% during the second quarter. Denali Advisors LLC now owns 3,000 shares of the textile maker valued at $53,000 after buying an additional 1,100 shares last quarter. BNP Paribas Arbitrage SA increased its position in Superior Group of Companies shares by 68.0% during the second quarter. BNP Paribas Arbitrage SA now owns 3,121 shares of the textile maker valued at $55,000 after buying an additional 1,263 shares last quarter. Finally, Wedbush Securities Inc. bought a new stock position in Superior Group of Companies during Q2 valued at approximately $204,000. Institutional investors hold 41.58% of the company’s shares.
About the top business group
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Superior Group of Companies, Inc. manufactures and sells apparel and accessories in the United States and internationally. It operates through three segments: Uniforms and Related Products, Remote Staffing Solutions and Promotional Products. The Uniforms and Related Products segment manufactures and sells a range of uniforms, corporate identity apparel, career apparel and accessories for hospital and healthcare facility personnel; hotels; food and other restaurants; retail stores; special purpose industrial installations; commercial markets; transportation; public and private safety and security agencies; and various uses of services.
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