SIG (LON:SHI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of SIG plc (LON:SHI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 15.52 ($0.21) and traded as high as GBX 16.88 ($0.22). SIG shares last traded at GBX 16 ($0.21), with a volume of 197,569 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price objective 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 Trading Up 0.4%

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 business’s fifty day simple moving average is GBX 13.44 and its 200 day simple moving average is GBX 15.52. The stock has a market cap of £191.00 million, a P/E ratio of -3.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI) last announced its quarterly earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (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 expect that SIG plc will post 4.1880342 EPS for the current year.

Insider Buying and Selling

In other news, insider Kath Durrant purchased 92,518 shares of SIG stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($15,976.81). Also, insider Ian Ashton sold 470,273 shares of the company’s stock in a transaction 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 ($81,210.80). 18.32% of the stock is currently owned by insiders.

About SIG

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.