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

Shares of SDI Group plc (LON:SDI) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 82.97 and traded as high as GBX 92. SDI Group shares last traded at GBX 89, with a volume of 393,777 shares.

Wall Street Analyst Weigh In

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

SDI Group Price Performance

The stock has a market capitalization of £93.07 million, a price-to-earnings ratio of 20.55 and a beta of 1.10. 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 business has a 50-day simple moving average of GBX 82.97 and a two-hundred day simple moving average of GBX 79.80.

SDI Group Company Profile

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.

Its portfolio of businesses serves a broad spectrum of specialised markets, ranging from advanced industrial technologies (aerospace & defence, manufacturing, semiconductors and precision measurement) to scientific and medical applications (life sciences, healthcare, astronomy).