SDI Group (LON:SDI) Shares Cross Below 200-Day Moving Average – Here’s Why

SDI Group plc (LON:SDI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.69 and traded as low as GBX 81. SDI Group shares last traded at GBX 81, with a volume of 49,730 shares changing hands.

SDI Group Stock Performance

The company has a debt-to-equity ratio of 47.29, a current ratio of 2.36 and a quick ratio of 0.79. The stock has a 50-day moving average price of GBX 80.06 and a 200-day moving average price of GBX 83.67. The company has a market capitalization of £85.75 million, a price-to-earnings ratio of 18.94 and a beta of 1.43.

SDI Group (LON:SDI) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 1.73 earnings per share for the quarter. SDI Group had a return on equity of 9.52% and a net margin of 6.43%. As a group, analysts forecast that SDI Group plc will post 6.002265 earnings per share for the current year.

SDI Group Company Profile

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).