SIG (LON:SHI) Shares Down 14.4% - What's Next?

Shares of SIG plc (LON:SHI - Get Free Report) were down 14.4% on Friday . The company traded as low as GBX 15.08 ($0.20) and last traded at GBX 15.41 ($0.20). Approximately 2,222,068 shares were traded during trading, an increase of 19% from the average daily volume of 1,859,928 shares. The stock had previously closed at GBX 18 ($0.24).

Wall Street Analyst Weigh In

Separately, Citigroup cut their price objective on shares of SIG from GBX 17 ($0.22) to GBX 14 ($0.18) and set a "buy" rating on the stock in a research report on Thursday, March 6th.

SIG Trading Up 1.9%

The stock's fifty day moving average price is GBX 13.08 and its 200 day moving average price is GBX 15.80. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10. The stock has a market capitalization of £195.81 million, a P/E ratio of -3.08, a PEG ratio of 1.29 and a beta of 1.93.

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

Insider Transactions at SIG

In other SIG news, insider Ian Ashton sold 470,273 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total transaction of £61,135.49 ($80,547.42). Also, insider Kath Durrant bought 92,518 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($15,846.30). 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.