Shearwater Group (LON:SWG) Trading Down 4.1% - What's Next?

Key Points

• Shearwater Group's share price dropped by 4.1% during mid-day trading, with recent trades recorded at GBX 59 ($0.79) compared to the previous close of GBX 61.50 ($0.83).
• The company has a market capitalization of £281.73 million and a P/E ratio of -487.60, indicating potential concerns over profitability.
• Shearwater Group specializes in cyber security and offers a range of services including identity and access management, data security, and managed security solutions.

Shearwater Group plc (LON:SWG - )'s share price traded down 4.1% during mid-day trading on Thursday . The company traded as low as GBX 59 ($0.79) and last traded at GBX 59 ($0.79). 208,469 shares were traded during mid-day trading, an increase of 269% from the average session volume of 56,510 shares. The stock had previously closed at GBX 61.50 ($0.83).

Shearwater Group Stock Performance

The company has a quick ratio of 1.21, a current ratio of 1.38 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of GBX 59.77 and a two-hundred day simple moving average of GBX 48.02. The stock has a market capitalization of £281.73 million, a P/E ratio of -487.60 and a beta of 0.65.

Shearwater Group Company Profile

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.

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