SIG (LON:SHI) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

SIG plc (LON:SHI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 9.11 and traded as low as GBX 8.10. SIG shares last traded at GBX 8.29, with a volume of 269,997 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHI. Jefferies Financial Group lowered their price target on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada decreased their price objective on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 8.45.

SIG Stock Down 1.0%

The stock has a market capitalization of £94.89 million, a price-to-earnings ratio of -1.49, a PEG ratio of 1.29 and a beta of 0.73. The firm’s fifty day moving average is GBX 8.42 and its 200-day moving average is GBX 9.11. The company has a debt-to-equity ratio of 499.09, a current ratio of 1.52 and a quick ratio of 1.10.

SIG (LON:SHI) last announced its quarterly earnings data on Wednesday, March 4th. The company reported GBX (2) earnings per share for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. On average, sell-side analysts predict that SIG plc will post 4.1880342 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Ian Ashton sold 486,004 shares of the business’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total value of £38,880.32. Company insiders own 0.97% of the company’s stock.

About SIG

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. We use our network of around 430 winning branches across local markets with superior customer service, specialist expertise and on-time delivery to add value to both our customers and suppliers.