SIG (LON:SHI) Shares Down 11.8% - What's Next?

SIG plc (LON:SHI - Get Free Report)'s share price fell 11.8% on Friday . The stock traded as low as GBX 15.70 ($0.21) and last traded at GBX 15.88 ($0.21). 855,791 shares traded hands during trading, a decline of 54% from the average session volume of 1,844,606 shares. The stock had previously closed at GBX 18 ($0.24).

Analyst Upgrades and Downgrades

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

SIG Stock Down 1.2%

The company has a debt-to-equity ratio of 268.81, a quick ratio of 1.10 and a current ratio of 1.57. The business's fifty day moving average price is GBX 13.23 and its two-hundred day moving average price is GBX 15.69. The firm has a market capitalization of £190.81 million, a P/E ratio of -3.00, a PEG ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI - Get Free Report) last released its earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (EPS) for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. Equities analysts expect that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Activity at SIG

In other news, insider Ian Ashton sold 470,273 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($81,362.11). Also, insider Kath Durrant bought 92,518 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($16,006.57). Insiders own 18.32% of the company's stock.

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.