SIG (LON:SHI) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Key Points

• SIG plc's stock has crossed below its 200-day moving average, trading at GBX 8.66 ($0.12), significantly lower than the average of GBX 12.86 ($0.17).
• The company has a market capitalization of £101 million and reported a negative return on equity of 28.09% along with a negative net margin of 2.35%.
• Analysts predict that SIG plc will post 4.19 earnings per share for the current fiscal year, indicating challenges in profitability ahead.

SIG plc (LON:SHI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 12.86 ($0.17) and traded as low as GBX 8.66 ($0.12). SIG shares last traded at GBX 8.66 ($0.12), with a volume of 1,293,147 shares trading hands.

SIG Stock Up 0.5%

The firm has a market cap of £101.00 million, a price-to-earnings ratio of -1.45, a P/E/G ratio of 1.29 and a beta of 1.93. The firm's 50 day moving average price is GBX 9.99 and its two-hundred day moving average price is GBX 12.86. 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 announced its earnings results on Tuesday, August 5th. The company reported GBX (11.40) earnings per share for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. As a group, sell-side analysts forecast that SIG plc will post 4.1880342 earnings per share for the current fiscal 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.

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