Shearwater Group (LON:SWG) Stock Price Up 2.5% – Time to Buy?

Shares of Shearwater Group plc (LON:SWG) traded up 2.5% on Tuesday. The stock traded as high as GBX 67 and last traded at GBX 61. Approximately 303,395 shares changed hands during mid-day trading, an increase of 372% from the average daily volume of 64,211 shares. The stock had previously closed at GBX 59.50.

Shearwater Group Stock Up 2.5%

The business’s fifty day moving average price is GBX 56.88 and its 200 day moving average price is GBX 45.51. The firm has a market capitalization of £14.54 million, a price-to-earnings ratio of -5.04 and a beta of 0.81. The company has a current ratio of 1.44, a quick ratio of 1.21 and a debt-to-equity ratio of 0.79.

Shearwater Group Company Profile

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group’s differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.