SDI Group (LON:SDI) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 81.66 and traded as high as GBX 87. SDI Group shares last traded at GBX 86, with a volume of 164,914 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 145 target price on shares of SDI Group in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 145.

SDI Group Stock Performance

The stock has a 50 day moving average of GBX 81.66 and a 200 day moving average of GBX 78.84. The company has a quick ratio of 0.79, a current ratio of 2.23 and a debt-to-equity ratio of 50.63. The firm has a market cap of £89.93 million, a price-to-earnings ratio of 19.86 and a beta of 1.09.

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).