SDI Group (LON:SDI) Stock Passes Below 200 Day Moving Average – Time to Sell?

SDI Group plc (LON:SDI) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 77.11 and traded as low as GBX 74. SDI Group shares last traded at GBX 77, with a volume of 251,804 shares.

SDI Group Stock Down 1.0%

The firm has a market cap of £80.52 million, a P/E ratio of 17.78 and a beta of 1.08. The company has a current ratio of 2.23, a quick ratio of 0.79 and a debt-to-equity ratio of 50.63. The business has a 50-day moving average price of GBX 75.48 and a 200-day moving average price of GBX 77.11.

Insider Transactions at SDI Group

In related news, insider Kenneth Ford sold 235,217 shares of SDI Group stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 79, for a total transaction of £185,821.43. 3.87% of the stock is currently owned by insiders.

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).