Today, The Bowser Report issued a daily mover alert on two different stocks.
SPAR Group (SGRP)
Editor’s Opinion: Despite trading barely below average volume for the day, SGRP made a run at the end of the trading day on good volume to close up just shy of 20%.
There was no news on the company so its hard to pin point what made the stock move. However, keep in mind that SGRP has a Bowser Rating of 7 and is currently in Category 3. While still profitable, this company is quite speculative due to its inconsistent earnings performance, including a 4.7% decrease in sales and a 95% decrease in net income in the most recent quarter ending June 30.
The company’s next earnings release is estimated between November 12-16.
Innovative Food Holdings (IVFH)
Editor’s Opinion: Unlike IVFH’s last alert when it traded only 596 shares, the stock’s movement today is on more than triple the company’s average volume. Shareholders sold off quite a few shares with the stock tapering throughout the day. A number of large trades took place including a sale of 4,800 shares at 3:57 pm.
To reiterate our past analysis on the company: IVFH is not rated and has remained in Category 3 for some time. Despite growing sales, profitability has eluded IVFH. As a result, we remain speculative of this company.
For now, stay away from IVFH if you don’t own it. If you do, look to follow the Game Plan and cut your losses at a 50% drop. Otherwise hold until otherwise noted.
We’ll know more once the company releases its most recent earnings between November 17-23.
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