SIG (LON:SHI) Stock Price Down 12.3% - Here's What Happened

SIG plc (LON:SHI - Get Free Report)'s stock price traded down 12.3% during trading on Friday . The stock traded as low as GBX 15.25 ($0.20) and last traded at GBX 15.78 ($0.21). 2,067,056 shares changed hands during trading, an increase of 11% from the average session volume of 1,858,216 shares. The stock had previously closed at GBX 18 ($0.24).

Analyst Upgrades and Downgrades

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

SIG Trading Down 1.2%

The business has a fifty day moving average of GBX 13.23 and a 200-day moving average of GBX 15.69. The stock has a market capitalization of £190.81 million, a price-to-earnings ratio of -3.00, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. 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 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%. On average, equities analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Buying and Selling at SIG

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

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.