Shearwater Group (LON:SWG) Trading Up 21.6% – Should You Buy?

Shares of Shearwater Group plc (LON:SWG) traded up 21.6% on Wednesday . The stock traded as high as GBX 45 and last traded at GBX 45. Approximately 333,840 shares traded hands during trading, an increase of 509% from the average daily volume of 54,797 shares. The stock had previously closed at GBX 37.

Shearwater Group Price Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.21. The stock has a fifty day simple moving average of GBX 38.16 and a 200-day simple moving average of GBX 41.49. The company has a market capitalization of £10.72 million, a price-to-earnings ratio of -3.72 and a beta of 0.75.

Shearwater Group Company Profile

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group’s differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.