Shearwater Group (LON:SWG) Stock Price Up 8% – Still a Buy?

Shearwater Group plc (LON:SWG) shares shot up 8% during mid-day trading on Friday . The company traded as high as GBX 64 and last traded at GBX 61. 320,262 shares were traded during mid-day trading, an increase of 397% from the average daily volume of 64,411 shares. The stock had previously closed at GBX 56.50.

Shearwater Group Trading Up 8.0%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 1.44. The company’s 50-day moving average is GBX 41.58 and its 200-day moving average is GBX 41.95. The firm has a market cap of £14.54 million, a price-to-earnings ratio of -5.04 and a beta of 0.74.

About Shearwater Group

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.