SigmaRoc (LON:SRC) Stock Price Down 1.7% – Here’s What Happened

Shares of SigmaRoc plc (LON:SRC) traded down 1.7% during mid-day trading on Monday. The company traded as low as GBX 125 and last traded at GBX 125.90. Approximately 6,100,797 shares changed hands during trading, a decline of 54% from the average session volume of 13,321,102 shares. The stock had previously closed at GBX 128.10.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 130 price objective on shares of SigmaRoc in a report on Monday, September 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, SigmaRoc presently has an average rating of “Moderate Buy” and an average target price of GBX 165.33.

SigmaRoc Trading Down 1.7%

The firm has a market capitalization of £1.40 billion, a P/E ratio of 17.08 and a beta of 1.24. The company has a debt-to-equity ratio of 76.40, a quick ratio of 0.88 and a current ratio of 1.44. The firm has a 50 day moving average price of GBX 127.37 and a two-hundred day moving average price of GBX 124.12.

SigmaRoc (LON:SRC) last posted its quarterly earnings data on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. On average, equities research analysts expect that SigmaRoc plc will post 9.20 EPS for the current fiscal year.

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.