SIG (LON:SHI) Trading 10.1% Higher - Should You Buy?

SIG plc (LON:SHI - Get Free Report)'s share price traded up 10.1% during mid-day trading on Tuesday . The stock traded as high as GBX 12.88 ($0.17) and last traded at GBX 12.88 ($0.17). 732,669 shares traded hands during trading, a decline of 64% from the average session volume of 2,048,399 shares. The stock had previously closed at GBX 11.70 ($0.16).

Wall Street Analysts Forecast Growth

Separately, Citigroup dropped their price objective on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a "buy" rating for the company in a research note on Thursday, March 6th.

SIG Stock Up 0.5 %

The company has a current ratio of 1.57, a quick ratio of 1.10 and a debt-to-equity ratio of 268.81. The stock's 50-day moving average is GBX 12.47 and its 200-day moving average is GBX 16.49. The company has a market cap of £152.32 million, a price-to-earnings ratio of -2.40, a P/E/G ratio of 1.29 and a beta of 1.93.

SIG (LON:SHI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) earnings per share (EPS) for the quarter. SIG had a negative net margin of 2.35% and a negative return on equity of 28.09%. On average, analysts anticipate that SIG plc will post 4.1880342 earnings per share for the current fiscal year.

Insider Activity at SIG

In other SIG news, insider Kath Durrant acquired 92,518 shares of SIG stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($15,991.68). Also, insider Ian Ashton sold 470,273 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($81,286.38). 18.32% of the stock is currently owned by company insiders.

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.