SDI Group (LON:SDI) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

SDI Group plc (LON:SDI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.22 and traded as low as GBX 77. SDI Group shares last traded at GBX 79.80, with a volume of 141,357 shares trading hands.

SDI Group Price Performance

The stock has a market capitalization of £84.13 million, a PE ratio of 18.58 and a beta of 1.04. 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 stock’s 50 day moving average price is GBX 75.32 and its 200-day moving average price is GBX 77.24.

Insiders Place Their Bets

In related news, insider Kenneth Ford sold 235,217 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 79, for a total value of £185,821.43. 3.87% of the stock is currently owned by company insiders.

SDI Group Company Profile

About SDI Group plc:

SDl Group plc specialises in the acquisition and development of companies that design and manufacture products for use in the lab equipment, industrial & scientific sensors and the industrial & scientific products markets. SDI’s current portfolio of 14 companies target markets including life sciences, healthcare, astronomy, plastics and packaging, manufacturing, precision optics, measurement instrumentation and art conservation.

SDI’s growth strategy is twofold: 1) through the enhancement of its portfolio companies (organic growth) and, 2) through the identification and acquisition of complementary, niche technology businesses with established reputations in global markets (inorganic growth).