Shearwater Group (LON:SWG) Stock Jumps 2.5% – Here’s What Happened

Shearwater Group plc (LON:SWG)’s stock price rose 2.5% during mid-day trading on Tuesday. The company traded as high as GBX 67 and last traded at GBX 61. 303,395 shares traded hands during mid-day trading, an increase of 372% from the average daily volume of 64,211 shares. The stock had previously closed at GBX 59.50.

Shearwater Group Price Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.44 and a quick ratio of 1.21. The firm has a market cap of £14.54 million, a PE ratio of -5.04 and a beta of 0.81. The company has a 50 day moving average price of GBX 56.88 and a 200 day moving average price of GBX 45.51.

About Shearwater Group

Shearwater Group plc is an award-winning group providing cyber security, managed security and professional advisory solutions to create a safer online environment for organisations and their end users.

The Group’s differentiated full service offering spans identity and access management and data security, cybersecurity solutions and managed security services, and security governance, risk and compliance. Its growth strategy is focused on building a scalable group that caters to the entire spectrum of cyber security and managed security needs, through a focused buy and build approach.

The Group is headquartered in the UK, serving customers globally across a broad spectrum of industries.