SIG (LON:SHI) Stock Price Crosses Below 200 Day Moving Average of $29.84

SIG plc (LON:SHI) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 29.84 ($0.38) and traded as low as GBX 27.10 ($0.34). SIG shares last traded at GBX 27.35 ($0.35), with a volume of 1,189,031 shares changing hands.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price objective on SIG from GBX 3,300 ($41.93) to GBX 3,200 ($40.66) and set a “sector perform” rating for the company in a report on Friday, May 3rd.

SIG Trading Up 0.6 %

The firm has a fifty day simple moving average of GBX 27.55 and a two-hundred day simple moving average of GBX 29.84. The firm has a market capitalization of £317.26 million, a P/E ratio of -683.75, a price-to-earnings-growth ratio of 1.29 and a beta of 1.90. The company has a debt-to-equity ratio of 258.95, a current ratio of 1.67 and a quick ratio of 1.10.

Insider Buying and Selling at SIG

In related news, insider Shatish D. Dasani purchased 70,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was purchased at an average cost of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,794.16). In other news, insider Ian Ashton sold 469,520 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of GBX 28 ($0.36), for a total value of £131,465.60 ($167,046.51). Also, insider Shatish D. Dasani purchased 70,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of GBX 29 ($0.37) per share, with a total value of £20,300 ($25,794.16). 18.50% of the stock is owned by corporate insiders.

About SIG

SIG plc supplies specialist insulation and sustainable building products and solutions in the United Kingdom, Germany, France, Benelux, Poland, and Ireland. It offers insulation and interiors products, such as structural and technical insulations, construction accessories and fixings, cladding and façade systems, dry lining, ceiling tiles and grids, partition walls and door sets, and floor coverings, as well as accessories, including tools and fixings, ventilation, access equipment, and safety products.