SIG (LON:SHI) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

SIG plc (LON:SHI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 9.14 and traded as low as GBX 7.60. SIG shares last traded at GBX 8.29, with a volume of 455,836 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped their price objective on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada dropped their price objective on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 8.45.

SIG Stock Performance

The company has a debt-to-equity ratio of 499.09, a current ratio of 1.52 and a quick ratio of 1.10. The company has a market cap of £95.81 million, a PE ratio of -1.51, a price-to-earnings-growth ratio of 1.29 and a beta of 0.73. The company’s 50 day simple moving average is GBX 8.38 and its two-hundred day simple moving average is GBX 9.14.

SIG (LON:SHI) last announced its earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. As a group, sell-side analysts anticipate that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insiders Place Their Bets

In other SIG news, insider Ian Ashton sold 486,004 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of GBX 8, for a total transaction of £38,880.32. 0.97% of the stock is currently owned by company insiders.

SIG Company Profile

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers. We use our network of around 430 winning branches across local markets with superior customer service, specialist expertise and on-time delivery to add value to both our customers and suppliers.