SIG Group (OTC:SIGCY) Trading Up 0.6% – Here’s Why

SIG Group AG (OTC:SIGCY) was up 0.6% on Friday . The stock traded as high as C$16.31 and last traded at C$16.31. Approximately 550 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 4,668 shares. The stock had previously closed at C$16.21.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered shares of SIG Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, SIG Group has an average rating of “Hold”.

SIG Group Price Performance

The business has a 50 day moving average price of C$14.47 and a 200 day moving average price of C$13.47.

About SIG Group

SIG Group AG provides aseptic carton packaging systems and solutions for beverage and liquid food products. The company provides aseptic carton filling lines, aseptic carton sleeves and closures, bag-in-box, and spouted pouch, as well as spare parts, maintenance, digital, add-on, training, and other services. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022.