SigmaRoc (LON:SRC) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Shares of SigmaRoc plc (LON:SRC) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 121.46 and traded as low as GBX 118.50. SigmaRoc shares last traded at GBX 118.90, with a volume of 8,119,986 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of SigmaRoc from GBX 140 to GBX 150 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 130 price objective on shares of SigmaRoc in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, SigmaRoc has an average rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 77.40. The stock has a market cap of £1.37 billion, a PE ratio of 18.25 and a beta of 1.25. The company has a fifty day moving average of GBX 121.68 and a 200-day moving average of GBX 127.03.

About SigmaRoc

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.