SigmaRoc (LON:SRC) Hits New 1-Year High - Here's Why

SigmaRoc plc (LON:SRC - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 78.70 ($1.02) and last traded at GBX 78.50 ($1.02), with a volume of 5688440 shares changing hands. The stock had previously closed at GBX 77.40 ($1.00).

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 95 ($1.23) price target on shares of SigmaRoc in a research report on Tuesday, September 10th.

SigmaRoc Price Performance

The business has a 50-day simple moving average of GBX 70.27 and a two-hundred day simple moving average of GBX 68.07. The company has a quick ratio of 0.88, a current ratio of 1.08 and a debt-to-equity ratio of 93.89. The stock has a market capitalization of £878.01 million, a price-to-earnings ratio of -7,980.00 and a beta of 1.72.

SigmaRoc Company Profile

SigmaRoc plc, through its subsidiaries, invests in and/or acquires projects in the quarried materials sector. It also produces aggregates, stone, granite, concrete blocks, asphalt, limestone, ready-mix concrete, pre-cast concrete, and other stone products; supplies value-added industrial and construction materials; and provides shipping logistics, road contracting, waste recycling, and patent and licensing services, as well as engages in the limestone quarrying and processing.