SigmaRoc (LON:SRC) Posts Quarterly Earnings Results

SigmaRoc (LON:SRC) announced its quarterly earnings results on Monday. The company reported GBX 5.23 earnings per share for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%.

SigmaRoc Trading Up 3.1%

SRC stock traded up GBX 3.87 during mid-day trading on Friday, reaching GBX 127.86. 8,211,437 shares of the stock traded hands, compared to its average volume of 13,518,313. The stock’s fifty day moving average is GBX 126.54 and its 200-day moving average is GBX 124.33. SigmaRoc has a 52-week low of GBX 105 and a 52-week high of GBX 152.80. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 76.40. The company has a market cap of £1.42 billion, a P/E ratio of 18.94 and a beta of 1.24.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 price objective on shares of SigmaRoc in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, SigmaRoc currently has an average rating of “Moderate Buy” and an average price target 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.