SDI Group (LON:SDI) Share Price Passes Above 50 Day Moving Average – What’s Next?

Shares of SDI Group plc (LON:SDI) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 85.40 and traded as high as GBX 97. SDI Group shares last traded at GBX 94, with a volume of 153,990 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 145 price target on shares of SDI Group in a research note on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 145.

SDI Group Price Performance

The firm’s fifty day moving average price is GBX 85.40 and its 200 day moving average price is GBX 80.31. The stock has a market cap of £98.30 million, a PE ratio of 21.71 and a beta of 1.10. The company has a quick ratio of 0.79, a current ratio of 2.23 and a debt-to-equity ratio of 50.63.

SDI Group Company Profile

SDI Group plc, is a buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products. The Group includes small to medium size companies with specialist industrial and scientific products in growth sector niches which help solve customers’ key challenges.

It specialises in the acquisition and development of companies that design and manufacture specialist products for use in lab equipment, industrial & scientific sensors and industrial & scientific products.

Its portfolio of businesses serves a broad spectrum of specialised markets, ranging from advanced industrial technologies (aerospace & defence, manufacturing, semiconductors and precision measurement) to scientific and medical applications (life sciences, healthcare, astronomy).