Shares of the SPAR Group, Inc. (SGRP) stock climbed in the pre-market today despite any obvious news or announcement. SGRP stock price saw a push of 6.21% to reach $1.88 a share at the time of this writing. The stock was gloomy in the previous trade and went low by 1.67% at closing.

SPAR Group, Inc operates by providing merchandise and marketing solutions across the globe. Its main operations include assembly and installation, merchandise solutions, new store sets and remodels, and programmatic services. There is no recent news, a press release by SPAR Group, or analyst upgrade associated with SGRP stock, which has been reported to justify the current rally. In order to make you aware, let’s discuss some recent events of this stock.

SGRP stock’s Q2,2021 Financial Results:

• SGRP stock reported $67.2 million consolidated net revenue in the Q2,2021, Up by $16.3 million from the prior year same quarter. Domestic net revenue increased by 23.2% to reach $27.3 million as compared to the same quarter of last year.
• Gross profit increased by $2.1 million in Q2,2020 to reach $12 million in the second quarter of 2021. On the other hand, gross margin declined by 151 basis points to 17.9% as compared to 19.4% in Q2,2020.
• SGRP stock recorded 14.3% of revenue in selling, general and administrative expenses in the second quarter of 2021. This compares to 14.5% in the same tenure of the previous year. Operating expenses leverage resulted in the 20-basis point increase in the selling, general and administrative expenses.
• Operating income jumped back from $2.0 million in Q2,2020 to $1.9 million in Q2,2021. The operating margin for SGRP stock was 2.8% in the recently reported quarter.
• By the end of June 30, 2021, SGRP stock had $16.7 million in cash and cash equivalent and $25.9 million in working capital.

New Appointments by SGRP stock:

On July 13, 2021, SGRP stock announced the appointment of Ron Lutz as Chief Global Commercial Officer and William Linnane as Chief Strategy and Growth Officer. Moreover, Kori Belzer took the responsibility of Chief Operating Officer to manage global operations and results of SPAR Group. These appointments have strengthened the executive team of SPAR Group.

Conclusion:

SGRP stock is hot among investors so far after facing a decline in the previous trade. There seems to be no recent event today not even in the previous week attributable to this stock. The recent financial results show that SGRP has progressed in terms of revenue as compared to the prior year same quarter. From an investment perspective, it is better to do deep research before making any decision.