SDI Group (LON:SDI) Shares Up 0.3% – Time to Buy?

Shares of SDI Group plc (LON:SDI) shot up 0.3% during trading on Wednesday. The stock traded as high as GBX 95.29 and last traded at GBX 93.51. Approximately 509,460 shares changed hands during trading, an increase of 91% from the average session volume of 266,999 shares. The stock had previously closed at GBX 93.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 145 price objective on shares of SDI Group in a report on Wednesday, September 23rd. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 145.

SDI Group Trading Up 0.3%

The firm’s 50-day simple moving average is GBX 92.79 and its 200-day simple moving average is GBX 84.96. The company has a quick ratio of 0.79, a current ratio of 2.07 and a debt-to-equity ratio of 62.26. The firm has a market capitalization of £98.26 million, a PE ratio of 20.37 and a beta of 1.16.

About SDI Group

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.