SDI Group (LON:SDI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of SDI Group plc (LON:SDI) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 82.53 and traded as low as GBX 76. SDI Group shares last traded at GBX 77, with a volume of 84,214 shares traded.

SDI Group Price Performance

The stock has a 50-day simple moving average of GBX 79.73 and a 200 day simple moving average of GBX 82.53. The company has a market cap of £80.52 million, a PE ratio of 17.78 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 2.23 and a debt-to-equity ratio of 50.63.

Insider Buying and Selling at SDI Group

In other SDI Group news, insider Kenneth Ford sold 235,217 shares of SDI Group stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 79, for a total transaction of £185,821.43. 3.87% of the stock is currently owned by corporate insiders.

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).