SIG (LON:SHI) Share Price Crosses Above Two Hundred Day Moving Average - Here's Why

SIG plc (LON:SHI - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 14.45 ($0.20) and traded as high as GBX 15.56 ($0.21). SIG shares last traded at GBX 15.56 ($0.21), with a volume of 273,832 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their target price on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a "buy" rating on the stock in a research report on Thursday, March 6th.

SIG Price Performance

The company's 50-day simple moving average is GBX 15.10 and its 200-day simple moving average is GBX 14.45. 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 company has a market capitalization of £185.75 million, a PE ratio of -2.92, a P/E/G ratio of 1.29 and a beta of 1.93.

About SIG

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.