SIG (LON:SHI) Shares Cross Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• SIG plc's shares have dropped below their 200-day moving average, indicating potential selling pressure, as the stock traded as low as GBX 9.20 ($0.12).
• The company reported a negative earnings per share of GBX (11.40) for the recent quarter, alongside a negative net margin of 2.35% and a negative return on equity of 28.09%.
• SIG has a market capitalization of £106.80 million and a high debt-to-equity ratio of 268.81, raising concerns about its financial stability.

SIG plc (LON:SHI - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 13.01 ($0.17) and traded as low as GBX 9.20 ($0.12). SIG shares last traded at GBX 9.20 ($0.12), with a volume of 801,083 shares changing hands.

SIG Price Performance

The stock has a fifty day moving average price of GBX 10.43 and a 200-day moving average price of GBX 13.01. The company has a market cap of £106.80 million, a PE ratio of -153.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10.

SIG (LON:SHI - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported GBX (11.40) 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%. On average, equities analysts expect that SIG plc will post 4.1880342 earnings per share for the current year.

SIG Company Profile

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.