SIG (LON:SHI) Shares Down 14.2% – Here’s Why

Shares of SIG plc (LON:SHI) fell 14.2% during mid-day trading on Friday . The company traded as low as GBX 15.25 ($0.20) and last traded at GBX 15.44 ($0.21). 1,550,553 shares were traded during trading, a decline of 16% from the average session volume of 1,852,412 shares. The stock had previously closed at GBX 18 ($0.24).

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their price target on SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a “buy” rating on the stock in a research report on Thursday, March 6th.

SIG Stock Performance

The firm’s 50 day moving average price is GBX 13.08 and its 200-day moving average price is GBX 15.86. The firm has a market cap of £192.20 million, a price-to-earnings ratio of -3.02, a P/E/G ratio of 1.29 and a beta of 1.93. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10.

SIG (LON:SHI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. On average, analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current year.

Insider Activity at SIG

In other SIG news, insider Kath Durrant acquired 92,518 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($16,000.19). Also, insider Ian Ashton sold 470,273 shares of SIG stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($81,329.64). Corporate insiders own 18.32% of the company’s stock.

SIG Company Profile

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers.