SDI Group (LON:SDI) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 82.97 and traded as high as GBX 92. SDI Group shares last traded at GBX 89, with a volume of 393,777 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 145 price objective on shares of SDI Group in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, SDI Group presently has a consensus rating of “Buy” and a consensus target price of GBX 145.

SDI Group Stock Performance

The stock has a market cap of £92.18 million, a price-to-earnings ratio of 20.36 and a beta of 1.10. The company has a debt-to-equity ratio of 50.63, a current ratio of 2.23 and a quick ratio of 0.79. The firm has a fifty day moving average of GBX 83.38 and a 200 day moving average of GBX 79.91.

About SDI Group

SDI Group plc, is a buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products. The Group includes small to medium size companies with specialist industrial and scientific products in growth sector niches which help solve customers’ key challenges.

It specialises in the acquisition and development of companies that design and manufacture specialist products for use in lab equipment, industrial & scientific sensors and industrial & scientific products.

Its portfolio of businesses serves a broad spectrum of specialised markets, ranging from advanced industrial technologies (aerospace & defence, manufacturing, semiconductors and precision measurement) to scientific and medical applications (life sciences, healthcare, astronomy).