SDI Group (LON:SDI) Share Price Crosses Below 200-Day Moving Average – What’s Next?
by Renee Jackson · The Cerbat GemSDI Group plc (LON:SDI – Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 77.11 and traded as low as GBX 74. SDI Group shares last traded at GBX 77, with a volume of 251,804 shares traded.
SDI Group Stock Performance
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 business has a 50-day simple moving average of GBX 75.48 and a 200 day simple moving average of GBX 77.11. The firm has a market cap of £80.52 million, a PE ratio of 17.78 and a beta of 1.08.
Insider Buying and Selling
In other SDI Group news, insider Kenneth Ford sold 235,217 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of GBX 79, for a total value of £185,821.43. 3.87% of the stock is currently owned by insiders.
About SDI Group
About SDI Group plc:
SDl Group plc specialises in the acquisition and development of companies that design and manufacture products for use in the lab equipment, industrial & scientific sensors and the industrial & scientific products markets. SDI’s current portfolio of 14 companies target markets including life sciences, healthcare, astronomy, plastics and packaging, manufacturing, precision optics, measurement instrumentation and art conservation.
SDI’s growth strategy is twofold: 1) through the enhancement of its portfolio companies (organic growth) and, 2) through the identification and acquisition of complementary, niche technology businesses with established reputations in global markets (inorganic growth).