SIG (LON:SHI) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of SIG plc (LON:SHI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 15.10 ($0.20) and traded as low as GBX 15.10 ($0.20). SIG shares last traded at GBX 15.10 ($0.20), with a volume of 428,825 shares changing hands.

Wall Street Analysts Forecast Growth

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

SIG Stock Performance

The company has a debt-to-equity ratio of 268.81, a quick ratio of 1.10 and a current ratio of 1.57. The company has a market cap of £186.45 million, a price-to-earnings ratio of -2.93, a P/E/G ratio of 1.29 and a beta of 1.93. The company has a fifty day moving average of GBX 13.77 and a two-hundred day moving average of GBX 15.10.

SIG (LON:SHI) last released its quarterly earnings data on Wednesday, March 5th. The company reported GBX (19.70) (($0.27)) earnings per share for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. Equities research analysts anticipate that SIG plc will post 4.1880342 EPS for the current year.

Insider Activity at SIG

In related news, insider Kath Durrant bought 92,518 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of GBX 13 ($0.18) per share, with a total value of £12,027.34 ($16,319.32). Also, insider Ian Ashton sold 470,273 shares of SIG stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.18), for a total value of £61,135.49 ($82,951.82). 18.32% of the stock is currently 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.