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SIG (LON:SHI) Shares Pass Above 200 Day Moving Average - Should You Sell?

SIG logo with Industrials background

SIG plc (LON:SHI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 14.76 ($0.20) and traded as high as GBX 14.98 ($0.20). SIG shares last traded at GBX 14.98 ($0.20), with a volume of 262,685 shares trading hands.

Wall Street Analyst Weigh In

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

Read Our Latest Report on SHI

SIG Stock Down 5.1%

The company has a market capitalization of £169.75 million, a PE ratio of -2.67, a P/E/G ratio of 1.29 and a beta of 1.93. The stock has a 50-day moving average of GBX 14.24 and a 200 day moving average of GBX 14.76. The company has a quick ratio of 1.10, a current ratio of 1.57 and a debt-to-equity ratio of 268.81.

Insider Buying and Selling at SIG

In other news, insider Ian Ashton sold 470,273 shares of SIG stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.18), for a total value of £61,135.49 ($83,234.16). 18.32% of the stock is owned by corporate insiders.

SIG Company Profile

(Get Free Report)

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.

Further Reading

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