SIG Group (OTCMKTS:SCBGF) Shares Up 19% – Here’s What Happened

SIG Group AG (OTCMKTS:SCBGFGet Free Report) was up 19% during mid-day trading on Wednesday . The company traded as high as $15.65 and last traded at $15.65. Approximately 100 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 3,047 shares. The stock had previously closed at $13.15.

Analyst Ratings Changes

Separately, Citigroup reaffirmed a “buy” rating on shares of SIG Group in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

View Our Latest Research Report on SCBGF

SIG Group Stock Performance

The stock has a 50 day moving average price of $11.54 and a two-hundred day moving average price of $13.70.

SIG Group Company Profile

(Get Free Report)

SIG Group (OTCMKTS: SCBGF) is a global provider of packaging solutions to the food and beverage industry, specializing in aseptic carton packaging and related filling technology. The company’s product portfolio includes sterile cartons, filling machines, digital services and consulting aimed at improving production efficiency, sustainability and food safety across dairy, juice, plant-based and other liquid food applications.

Founded in 1853 in Neuhausen, Switzerland, SIG Group has evolved from an industrial engineering enterprise into a focused packaging specialist.

Further Reading

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