SIG Group (OTCMKTS:SCBGF) Shares Up 20.4% – Here’s What Happened

Shares of SIG Group AG (OTCMKTS:SCBGFGet Free Report) were up 20.4% during mid-day trading on Friday . The company traded as high as $12.14 and last traded at $12.14. Approximately 1,185 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,185 shares. The stock had previously closed at $10.0805.

Wall Street Analyst Weigh In

SCBGF has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of SIG Group in a research note on Tuesday, November 4th. Oddo Bhf assumed coverage on SIG Group in a report on Friday, September 12th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, SIG Group presently has an average rating of “Buy”.

Check Out Our Latest Research Report on SCBGF

SIG Group Stock Performance

The firm’s 50-day moving average is $10.30 and its 200-day moving average is $14.84.

SIG Group Company Profile

(Get Free Report)

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.

Further Reading

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