Shearwater Group (LON:SWG) Trading Down 7.1% – Here’s What Happened

Shearwater Group plc (LON:SWG) shares traded down 7.1% during trading on Wednesday . The stock traded as low as GBX 32.10 ($0.40) and last traded at GBX 32.98 ($0.41). 82,297 shares were traded during mid-day trading, an increase of 187% from the average session volume of 28,707 shares. The stock had previously closed at GBX 35.50 ($0.44).

Shearwater Group Stock Performance

The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.21 and a current ratio of 1.38. The stock’s 50-day simple moving average is GBX 36.13 and its two-hundred day simple moving average is GBX 38.06. The stock has a market cap of £7.72 million, a price-to-earnings ratio of -359.78 and a beta of 0.65.

Shearwater Group (LON:SWG) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX (0.03) ($0.00) earnings per share for the quarter. Shearwater Group had a negative return on equity of 4.61% and a negative net margin of 9.58%. Analysts forecast that Shearwater Group plc will post 2.4020228 earnings per share for the current year.

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.