SIG Group (OTCMKTS:SIGCY) Trading Up 0.6% – Time to Buy?

Shares of SIG Group AG (OTCMKTS:SIGCY) rose 0.6% during trading on Friday . The company traded as high as C$15.09 and last traded at C$15.09. Approximately 1,940 shares were traded during trading, a decline of 53% from the average daily volume of 4,087 shares. The stock had previously closed at C$15.00.

Analyst Ratings Changes

SIGCY has been the topic of a number of recent research reports. UBS Group raised SIG Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. The Goldman Sachs Group raised SIG Group to a “strong-buy” rating in a research note on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

SIG Group Stock Up 0.6%

The stock has a 50 day moving average of C$15.19 and a 200 day moving average of C$13.41.

About SIG Group

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. It primarily operates in Europe, the Middle East, Africa, the Asia Pacific, and the Americas. The company was formerly known as SIG Combibloc Group AG and changed its name to SIG Group AG in April 2022.