SIG (LON:SHI) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

SIG plc (LON:SHI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 14.61 ($0.20) and traded as high as GBX 15.80 ($0.21). SIG shares last traded at GBX 15.80 ($0.21), with a volume of 183,961 shares traded.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price objective on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a “buy” rating for the company in a research note 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 firm’s 50 day simple moving average is GBX 14.74 and its 200 day simple moving average is GBX 14.61. The firm has a market capitalization of £188.61 million, a price-to-earnings ratio of -2.97, a PEG ratio of 1.29 and a beta of 1.93.

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.