Shearwater Group (LON:SWG) Stock Price Up 9.4% – Here’s What Happened

Shearwater Group plc (LON:SWG)’s stock price was up 9.4% on Thursday . The stock traded as high as GBX 35.50 ($0.46) and last traded at GBX 34.45 ($0.44). Approximately 57,794 shares traded hands during trading, an increase of 38% from the average daily volume of 42,010 shares. The stock had previously closed at GBX 31.50 ($0.41).

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 firm has a 50 day moving average of GBX 33.32 and a 200-day moving average of GBX 35.28. The stock has a market capitalization of £7.91 million, a PE ratio of -3.65 and a beta of 0.65.

Insiders Place Their Bets

In related news, insider Jonathan David Hall acquired 13,500 shares of Shearwater Group stock in a transaction on Monday, February 17th. The stock was purchased at an average cost of GBX 37 ($0.48) per share, with a total value of £4,995 ($6,443.50). Company insiders own 51.89% of the company’s stock.

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.