SIG (LON:SHI) Trading Up 10.1% – Here’s Why

SIG plc (LON:SHI) shot up 10.1% during mid-day trading on Tuesday . The company traded as high as GBX 12.88 ($0.17) and last traded at GBX 12.88 ($0.17). 732,669 shares changed hands during trading, a decline of 64% from the average session volume of 2,048,399 shares. The stock had previously closed at GBX 11.70 ($0.15).

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their price objective on shares of SIG from GBX 17 ($0.22) to GBX 14 ($0.19) and set a “buy” rating on the stock in a report on Thursday, March 6th.

SIG Stock Performance

The stock has a market capitalization of £153.76 million, a P/E ratio of -2.42, a P/E/G ratio of 1.29 and a beta of 1.93. The stock has a 50 day simple moving average of GBX 12.56 and a two-hundred day simple moving average of GBX 16.64. The company has a quick ratio of 1.10, a current ratio of 1.57 and a debt-to-equity ratio of 268.81.

SIG (LON:SHI) last announced its 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%. On average, equities analysts forecast that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insiders Place Their Bets

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 transaction of £61,135.49 ($80,909.86). Also, insider Kath Durrant acquired 92,518 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of GBX 13 ($0.17) per share, with a total value of £12,027.34 ($15,917.60). 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.