SIG (LON:SHI) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

SIG plc (LON:SHI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 11.19 and traded as low as GBX 9.90. SIG shares last traded at GBX 9.90, with a volume of 624 shares traded.

SIG Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.57 and a debt-to-equity ratio of 268.81. The stock has a market cap of £114.93 million, a P/E ratio of -1.65, a price-to-earnings-growth ratio of 1.29 and a beta of 1.93. The firm’s 50-day moving average is GBX 9.16 and its two-hundred day moving average is GBX 11.19.

Insider Buying and Selling at SIG

In related news, insider Petrus R. M. Vervaat bought 500,000 shares of the business’s stock in a transaction on Wednesday, October 22nd. The shares were bought at an average cost of GBX 9 per share, for a total transaction of £45,000. Corporate insiders own 0.93% 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. 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.