SIG (LON:SHI) Shares Down 15.3% – Here’s Why

SIG plc (LON:SHI) shares dropped 15.3% on Friday . The company traded as low as GBX 15.08 ($0.20) and last traded at GBX 15.24 ($0.20). Approximately 2,353,499 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 1,861,434 shares. The stock had previously closed at GBX 18 ($0.24).

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on shares of SIG from GBX 17 ($0.23) to GBX 14 ($0.19) and set a “buy” rating on the stock in a research note on Thursday, March 6th.

SIG Stock Down 10.6 %

The stock has a market cap of £192.20 million, a price-to-earnings ratio of -3.02, a PEG ratio of 1.29 and a beta of 1.93. The business’s 50 day moving average is GBX 13.08 and its 200-day moving average is GBX 15.86. The company has a debt-to-equity ratio of 268.81, a quick ratio of 1.10 and a current ratio of 1.57.

SIG (LON:SHI) last released its earnings results on Wednesday, March 5th. The company reported GBX (19.70) (($0.26)) EPS for the quarter. SIG had a negative return on equity of 28.09% and a negative net margin of 2.35%. On average, sell-side analysts predict that SIG plc will post 4.1880342 EPS for the current fiscal year.

Insider Activity at SIG

In other SIG news, insider Ian Ashton sold 470,273 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 13 ($0.17), for a total value of £61,135.49 ($81,329.64). Also, insider Kath Durrant bought 92,518 shares of the stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of GBX 13 ($0.17) per share, for a total transaction of £12,027.34 ($16,000.19). 18.32% of the stock is owned by corporate insiders.

SIG Company Profile

SIG is a leading pan-European provider of specialist insulation and sustainable building products and solutions, differentiated through specialist knowledge, product mix and end markets.

We connect over 75,000 customers with thousands of leading and specialist products and brands from our suppliers.