SIG (LON:SHI) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of SIG plc (LON:SHI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 8.93 and traded as low as GBX 7.84. SIG shares last traded at GBX 8.40, with a volume of 241,923 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on SHI. Jefferies Financial Group dropped their price target on shares of SIG from GBX 9 to GBX 8.90 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Royal Bank Of Canada reduced their price objective on shares of SIG from GBX 8.70 to GBX 8 and set a “sector perform” rating for the company in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 8.45.

SIG Stock Performance

The stock has a market cap of £98.24 million, a price-to-earnings ratio of -1.55, a price-to-earnings-growth ratio of 1.29 and a beta of 0.67. The company’s 50-day simple moving average is GBX 8.20 and its 200-day simple moving average is GBX 8.93. The company has a quick ratio of 1.10, a current ratio of 1.52 and a debt-to-equity ratio of 499.09.

SIG Company Profile

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.