SDI Group (LON:SDI) Issues Earnings Results

SDI Group (LON:SDI) released its earnings results on Wednesday. The company reported GBX 4.70 earnings per share for the quarter, Digital Look Earnings reports. SDI Group had a return on equity of 9.07% and a net margin of 6.62%.

SDI Group Trading Down 1.9%

SDI traded down GBX 1.80 during mid-day trading on Wednesday, hitting GBX 92.70. The stock had a trading volume of 298,258 shares, compared to its average volume of 306,529. The stock’s fifty day simple moving average is GBX 86.08 and its 200-day simple moving average is GBX 80.57. The firm has a market capitalization of £96.94 million, a price-to-earnings ratio of 21.41 and a beta of 1.10. SDI Group has a 1-year low of GBX 60 and a 1-year high of GBX 105. The company has a debt-to-equity ratio of 50.63, a current ratio of 2.23 and a quick ratio of 0.79.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 145 target price on shares of SDI Group in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, SDI Group has an average rating of “Buy” and an average price target of GBX 145.

About SDI Group

SDI Group plc, is a buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products. The Group includes small to medium size companies with specialist industrial and scientific products in growth sector niches which help solve customers’ key challenges.

It specialises in the acquisition and development of companies that design and manufacture specialist products for use in lab equipment, industrial & scientific sensors and industrial & scientific products.

Its portfolio of businesses serves a broad spectrum of specialised markets, ranging from advanced industrial technologies (aerospace & defence, manufacturing, semiconductors and precision measurement) to scientific and medical applications (life sciences, healthcare, astronomy).