SDI Group (LON:SDI) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of SDI Group plc (LON:SDI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 85.40 and traded as high as GBX 97. SDI Group shares last traded at GBX 94, with a volume of 153,990 shares changing hands.

Analyst Upgrades and Downgrades

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

SDI Group Price Performance

The company has a quick ratio of 0.79, a current ratio of 2.23 and a debt-to-equity ratio of 50.63. The business’s 50-day moving average is GBX 85.40 and its two-hundred day moving average is GBX 80.31. The company has a market capitalization of £98.30 million, a P/E ratio of 21.71 and a beta of 1.10.

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).