Shearwater Group (LON:SWG) Shares Up 1% – Should You Buy?

Shearwater Group plc (LON:SWG)’s share price was up 1% on Tuesday . The stock traded as high as GBX 42 and last traded at GBX 41.90. Approximately 53,004 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 55,202 shares. The stock had previously closed at GBX 41.50.

Shearwater Group Trading Up 1.0%

The business’s 50 day moving average is GBX 48.74 and its two-hundred day moving average is GBX 54.22. The firm has a market capitalization of £200.08 million, a P/E ratio of -3.46 and a beta of 0.65. The company has a quick ratio of 1.21, a current ratio of 1.38 and a debt-to-equity ratio of 0.82.

Shearwater Group (LON:SWG) last posted its quarterly earnings data on Tuesday, November 11th. The company reported GBX 2.40 earnings per share for the quarter. Shearwater Group had a negative net margin of 9.58% and a negative return on equity of 4.66%. Analysts expect that Shearwater Group plc will post 2.4020228 EPS for the current year.

Insider Activity

In other Shearwater Group news, insider Phil Higgins acquired 10,000 shares of Shearwater Group stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of GBX 49 per share, with a total value of £4,900. Also, insider Jonathan David Hall bought 10,000 shares of the business’s stock in a transaction on Monday, November 17th. The shares were bought at an average price of GBX 49 per share, for a total transaction of £4,900. 5.60% of the stock is owned by insiders.

About Shearwater Group

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group’s differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.