SIG (LON:SHI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

SIG plc (LON:SHI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 10.99 and traded as low as GBX 9.72. SIG shares last traded at GBX 10.32, with a volume of 1,122,795 shares trading hands.

SIG Stock Performance

The company has a 50 day moving average of GBX 9.31 and a two-hundred day moving average of GBX 10.96. The company has a debt-to-equity ratio of 268.81, a current ratio of 1.57 and a quick ratio of 1.10. The company has a market capitalization of £119.81 million, a PE ratio of -1.72, a PEG ratio of 1.29 and a beta of 1.93.

Insider Activity

In other SIG news, insider Petrus R. M. Vervaat purchased 500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 22nd. The stock was bought at an average cost of GBX 9 per share, for a total transaction of £45,000. 0.93% of the stock is currently owned by 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. 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.