SIG (LON:SHI) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Key Points

• SIG's share price passed below its 200‑day moving average, trading as low as GBX 8.01 and last at GBX 8.03 on volume of 148,867, below the 200‑day MA of GBX 9.24.
• Jefferies cut its price target to GBX 9 and kept a "Hold", leaving the stock's consensus rating at "Hold" with an average price target of GBX 9.
• Company fundamentals show stress: SIG reported negative EPS (GBX -2), negative ROE (-47.73%) and a negative net margin, alongside a very high debt‑to‑equity ratio of 499.09 and a market cap of ~£92.8M.

SIG plc (LON:SHI - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 9.24 and traded as low as GBX 8.01. SIG shares last traded at GBX 8.03, with a volume of 148,867 shares.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their price target on shares of SIG from GBX 9.40 to GBX 9 and set a "hold" rating on the stock in a research report on Monday, April 20th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of GBX 9.

SIG Stock Down 2.7%

The business has a 50-day moving average price of GBX 8.92 and a 200-day moving average price of GBX 9.24. The company has a market capitalization of £92.81 million, a price-to-earnings ratio of -1.46, a price-to-earnings-growth ratio of 1.29 and a beta of 0.84. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09.

SIG (LON:SHI - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported GBX (2) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 47.73% and a negative net margin of 2.47%. As a group, equities analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ian Ashton sold 238,460 shares of the business's stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total transaction of £19,076.80. 0.97% of the stock is owned by company insiders.

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. We use our network of around 430 winning branches across local markets with superior customer service, specialist expertise and on-time delivery to add value to both our customers and suppliers.

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