SDI Group (LON:SDI) Shares Pass Below 200-Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 85.29 and traded as low as GBX 78. SDI Group shares last traded at GBX 80, with a volume of 289,337 shares changing hands.

SDI Group Trading Up 0.6%

The company has a quick ratio of 0.79, a current ratio of 2.36 and a debt-to-equity ratio of 47.29. The firm’s 50 day moving average is GBX 76.50 and its two-hundred day moving average is GBX 85.29. The stock has a market cap of £83.66 million, a price-to-earnings ratio of 21.00 and a beta of 1.43.

SDI Group (LON:SDI) last posted its earnings results on Wednesday, December 3rd. The company reported GBX 1.73 EPS for the quarter. SDI Group had a return on equity of 9.52% and a net margin of 6.43%. Equities analysts anticipate that SDI Group plc will post 6.002265 EPS for the current year.

About SDI Group

About SDI Group plc:

SDl Group plc specialises in the acquisition and development of companies that design and manufacture products for use in the lab equipment, industrial & scientific sensors and the industrial & scientific products markets. SDI’s current portfolio of 14 companies target markets including life sciences, healthcare, astronomy, plastics and packaging, manufacturing, precision optics, measurement instrumentation and art conservation.

SDI’s growth strategy is twofold: 1) through the enhancement of its portfolio companies (organic growth) and, 2) through the identification and acquisition of complementary, niche technology businesses with established reputations in global markets (inorganic growth).