SDI Group (LON:SDI) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 81.68 and traded as low as GBX 64.03. SDI Group shares last traded at GBX 64.90, with a volume of 1,081,665 shares changing hands.

SDI Group Price Performance

The company’s fifty day moving average price is GBX 78.96 and its two-hundred day moving average price is GBX 81.68. The company has a quick ratio of 0.79, a current ratio of 2.23 and a debt-to-equity ratio of 50.63. The company has a market cap of £67.87 million, a price-to-earnings ratio of 14.99 and a beta of 0.98.

Insider Transactions 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 stock was sold at an average price of GBX 79, for a total value of £185,821.43. Company insiders own 3.87% of the company’s stock.

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).