SIG (LON:SHI) Stock Crosses Below 200 Day Moving Average - Here's Why

Key Points

• SIG plc's share price has fallen below its 200-day moving average of GBX 13.95, trading as low as GBX 11.74 on Monday.
• The company reported a negative earnings per share of GBX (11.40) for the last quarter and has a market capitalization of £142.26 million.
• SIG has a high debt-to-equity ratio of 268.81 and negative return on equity of 28.09%, indicating financial challenges.

SIG plc (LON:SHI - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 13.95 ($0.19) and traded as low as GBX 11.74 ($0.16). SIG shares last traded at GBX 12.05 ($0.16), with a volume of 718,447 shares changing hands.

SIG Trading Up 0.4%

The company has a market cap of £137.40 million, a price-to-earnings ratio of -2.16, a PEG ratio of 1.29 and a beta of 1.93. 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 price is GBX 14.37 and its 200-day moving average price is GBX 13.88.

SIG (LON:SHI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported GBX (11.40) (($0.15)) earnings per share for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. On average, research analysts forecast that SIG plc will post 4.1880342 EPS for the current year.

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.