SIG (LON:SHI) Stock Price Up 10.1% – Time to Buy?

Shares of SIG plc (LON:SHI) were up 10.1% during trading on Tuesday . The company traded as high as GBX 12.88 ($0.17) and last traded at GBX 12.88 ($0.17). Approximately 732,669 shares changed hands during trading, a decline of 64% from the average daily volume of 2,048,399 shares. The stock had previously closed at GBX 11.70 ($0.15).

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price objective on shares of SIG from GBX 17 ($0.22) to GBX 14 ($0.19) and set a “buy” rating on the stock in a research report on Thursday, March 6th.

SIG Stock Up 10.1 %

The company has a debt-to-equity ratio of 268.81, a quick ratio of 1.10 and a current ratio of 1.57. The business’s 50 day moving average is GBX 12.56 and its 200-day moving average is GBX 16.64. The firm has a market capitalization of £153.76 million, a price-to-earnings ratio of -2.42, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI) last posted its quarterly earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. Equities analysts anticipate that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insider Buying and Selling at SIG

In other news, insider Ian Ashton sold 470,273 shares of the firm’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($80,909.86). Also, insider Kath Durrant purchased 92,518 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average cost of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($15,917.60). Company insiders own 18.32% of the company’s stock.

SIG Company Profile

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers.