SIG (LON:SHI) Share Price Crosses Below 200-Day Moving Average - What's Next?

Shares of SIG plc (LON:SHI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 16.36 ($0.22) and traded as low as GBX 12.50 ($0.17). SIG shares last traded at GBX 12.58 ($0.17), with a volume of 523,818 shares trading hands.

Wall Street Analyst Weigh In

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

SIG Trading Down 0.7 %

The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10. The firm has a market capitalization of £163.07 million, a PE ratio of -2.57, a P/E/G ratio of 1.29 and a beta of 1.93. The company's fifty day simple moving average is GBX 12.48 and its 200-day simple moving average is GBX 16.19.

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

Insider Activity

In other news, insider Ian Ashton sold 470,273 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($82,138.24). Also, insider Kath Durrant bought 92,518 shares of SIG stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($16,159.26). Company insiders own 18.32% of the company's stock.

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.