SDI Group (LON:SDI) Reaches New 52-Week High – Still a Buy?

SDI Group plc (LON:SDI) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as GBX 100 and last traded at GBX 96.55, with a volume of 43,056 shares trading hands. The stock had previously closed at GBX 97.50.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 145 target price on shares of SDI Group in a research report on Wednesday, September 23rd. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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 stock’s 50-day moving average is GBX 91.21 and its 200 day moving average is GBX 86.47. The stock has a market cap of £100.97 million, a price-to-earnings ratio of 21.03 and a beta of 1.11.

SDI Group (LON:SDI) last posted its earnings results on Wednesday, July 29th. The company reported GBX 4.70 earnings per share for the quarter. SDI Group had a return on equity of 9.24% and a net margin of 6.59%. As a group, analysts predict that SDI Group plc will post 6.00 earnings per share for the current fiscal year.

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).