SIG (LON:SHI) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• SIG plc's share price fell below its 200-day moving average of GBX 13.82, trading at GBX 11.29 ($0.15) as of Tuesday.
• The company reported a negative net margin of 2.35% and a negative return on equity of 28.09%, indicating financial struggles.
• Analysts predict SIG will post an estimated earnings per share of 4.19 for the current fiscal year, despite recent performance challenges.

SIG plc (LON:SHI - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 13.82 ($0.19) and traded as low as GBX 11.24 ($0.15). SIG shares last traded at GBX 11.29 ($0.15), with a volume of 602,153 shares.

SIG Stock Up 0.9%

The company has a market cap of £132.51 million, a PE ratio of -2.08, a P/E/G ratio of 1.29 and a beta of 1.93. The company has a quick ratio of 1.10, a current ratio of 1.57 and a debt-to-equity ratio of 268.81. The business has a 50-day simple moving average of GBX 13.95 and a 200-day simple moving average of GBX 13.74.

SIG (LON:SHI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported GBX (11.40) EPS for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. Equities research analysts anticipate that SIG plc will post 4.1880342 EPS 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.