SigmaRoc (LON:SRC) Issues Earnings Results

SigmaRoc (LON:SRC) posted its quarterly earnings results on Monday. The company reported GBX 5.23 earnings per share (EPS) for the quarter, Digital Look Earnings reports. SigmaRoc had a net margin of 7.68% and a return on equity of 10.11%.

SigmaRoc Stock Performance

SigmaRoc stock traded up GBX 12.53 during midday trading on Monday, hitting GBX 139.50. The company’s stock had a trading volume of 65,636,438 shares, compared to its average volume of 14,018,675. The company has a 50-day moving average price of GBX 126.26 and a two-hundred day moving average price of GBX 124.82. SigmaRoc has a 1-year low of GBX 105 and a 1-year high of GBX 152.80. The company has a market cap of £1.55 billion, a price-to-earnings ratio of 20.67 and a beta of 1.24. The company has a debt-to-equity ratio of 77.40, a current ratio of 1.17 and a quick ratio of 0.88.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Company Profile

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe.

Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.