SIG (LON:SHI) Shares Down 11.8% – What’s Next?

SIG plc (LON:SHI)’s stock price fell 11.8% during mid-day trading on Friday . The company traded as low as GBX 15.70 ($0.21) and last traded at GBX 15.88 ($0.21). 855,791 shares were traded during mid-day trading, a decline of 54% from the average session volume of 1,844,606 shares. The stock had previously closed at GBX 18 ($0.24).

Wall Street Analyst Weigh In

Separately, Citigroup dropped their price target on SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a “buy” rating for the company in a research report on Thursday, March 6th.

SIG Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.10 and a debt-to-equity ratio of 268.81. The stock’s fifty day simple moving average is GBX 13.08 and its 200 day simple moving average is GBX 15.86. The company has a market cap of £192.20 million, a price-to-earnings ratio of -3.02, a P/E/G ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) EPS for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. As a group, analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Kath Durrant acquired 92,518 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($16,000.19). Also, insider Ian Ashton sold 470,273 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($81,329.64). 18.32% of the stock is owned by company insiders.

SIG Company Profile

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers.