SDI Group (LON:SDI) Stock Crosses Above Fifty Day Moving Average – Time to Sell?

SDI Group plc (LON:SDI) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 84.18 and traded as high as GBX 89.97. SDI Group shares last traded at GBX 88.65, with a volume of 215,645 shares.

Wall Street Analysts Forecast Growth

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

SDI Group Stock Up 0.2%

The company has a debt-to-equity ratio of 50.63, a current ratio of 2.23 and a quick ratio of 0.79. The firm’s 50-day moving average price is GBX 84.18 and its 200-day moving average price is GBX 80.02. The company has a market cap of £92.70 million, a price-to-earnings ratio of 20.47 and a beta of 1.10.

About SDI Group

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).