SIG (LON:SHI) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

SIG plc (LON:SHI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 9.08 and traded as low as GBX 7.68. SIG shares last traded at GBX 8.20, with a volume of 583,595 shares trading hands.

Wall Street Analyst Weigh In

SHI has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered their target price on SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group lowered their target price on SIG from GBX 9 to GBX 8.90 and set a “hold” rating for the company in a research note on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, SIG presently has an average rating of “Hold” and an average target price of GBX 8.45.

SIG Stock Up 1.5%

The stock has a 50 day simple moving average of GBX 8.35 and a 200-day simple moving average of GBX 9.08. The firm has a market cap of £94.77 million, a PE ratio of -1.49, a PEG ratio of 1.29 and a beta of 0.73. The company has a debt-to-equity ratio of 499.09, a current ratio of 1.52 and a quick ratio of 1.10.

Insider Transactions at SIG

In other SIG news, insider Ian Ashton sold 486,004 shares of SIG stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of GBX 8, for a total transaction of £38,880.32. Insiders own 1.15% 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. We use our network of around 430 winning branches across local markets with superior customer service, specialist expertise and on-time delivery to add value to both our customers and suppliers.