SDI Group (LON:SDI) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Shares of SDI Group plc (LON:SDI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 81.66 and traded as high as GBX 87. SDI Group shares last traded at GBX 86, with a volume of 164,914 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 145 target price on shares of SDI Group in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 145.

SDI Group Stock Up 3.5%

The business’s fifty day simple moving average is GBX 81.81 and its 200 day simple moving average is GBX 78.92. The stock has a market cap of £93.07 million, a price-to-earnings ratio of 20.55 and a beta of 1.09. The company has a current ratio of 2.23, a quick ratio of 0.79 and a debt-to-equity ratio of 50.63.

SDI Group Company Profile

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).