SIG (LON:SHI) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

SIG plc (LON:SHI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 9.37 and traded as low as GBX 7.86. SIG shares last traded at GBX 8.47, with a volume of 1,582,506 shares changing hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group dropped their price objective on shares of SIG from GBX 960 to GBX 940 and set a “hold” rating on the stock in a report on Thursday, March 5th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 940.

SIG Price Performance

The business has a 50-day moving average price of GBX 9.32 and a two-hundred day moving average price of GBX 9.35. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09. The company has a market capitalization of £98.68 million, a price-to-earnings ratio of -1.42, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79.

SIG (LON:SHI) last posted its quarterly earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share (EPS) for the quarter. SIG had a negative net margin of 2.47% and a negative return on equity of 47.73%. As a group, research analysts anticipate that SIG plc will post 4.1880342 EPS for the current year.

Insider Activity

In other SIG news, insider Petrus R. M. Vervaat bought 500,000 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was bought at an average cost of GBX 10 per share, with a total value of £50,000. Also, insider Ian Ashton sold 238,460 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total transaction of £19,076.80. 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.