SIG (LON:SHI) Stock Crosses Above Two Hundred Day Moving Average of $33.44

Shares of SIG plc (LON:SHI – Get Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 33.44 ($0.41) and traded as high as GBX 40.20 ($0.49). SIG shares last traded at GBX 39.50 ($0.48), with a volume of 530,673 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Numis Securities reissued a “hold” rating and issued a GBX 40 ($0.49) price objective on shares of SIG in a report on Wednesday, February 1st.

SIG Price Performance

The firm has a market capitalization of £466.10 million, a price-to-earnings ratio of 3,950.00, a P/E/G ratio of 1.29 and a beta of 2.00. The company has a fifty day moving average price of GBX 38.12 and a two-hundred day moving average price of GBX 33.44. The company has a quick ratio of 1.10, a current ratio of 1.68 and a debt-to-equity ratio of 214.60.

Insider Activity

In other news, insider Gavin Slark acquired 890,000 shares of the firm’s stock in a transaction dated Wednesday, March 8th. The stock was acquired at an average cost of GBX 39 ($0.48) per share, with a total value of £347,100 ($423,034.73). Corporate insiders own 17.29% of the company’s stock.

About SIG

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SIG plc engages in the distribution and merchanting of specialist insulation and building products for the construction and related markets in the United Kingdom, Germany, France, Benelux, Poland, Ireland, and Mainland Europe. It offers insulation and interiors products, such as structural and technical insulations, dry linings, construction accessories and fixings, cladding and façade systems, ceiling tiles and grids, partition walls and door sets, and floor coverings.