SDI Group (LON:SDI) Shares Climb 0.3% – Time to Buy?

Shares of SDI Group plc (LON:SDI) traded up 0.3% during trading on Wednesday. The company traded as high as GBX 95.29 and last traded at GBX 93.51. 509,460 shares changed hands during mid-day trading, an increase of 91% from the average daily volume of 266,999 shares. The stock had previously closed at GBX 93.20.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 145 price target on shares of SDI Group in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 145.

SDI Group Stock Performance

The company has a debt-to-equity ratio of 62.26, a current ratio of 2.07 and a quick ratio of 0.79. The company has a 50 day simple moving average of GBX 92.79 and a 200-day simple moving average of GBX 84.96. The stock has a market cap of £98.26 million, a P/E ratio of 20.37 and a beta of 1.16.

SDI Group Company Profile

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.