SigmaRoc (LON:SRC) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

SigmaRoc plc (LON:SRC – Get Free Report) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 126.43 and traded as low as GBX 125.70. SigmaRoc shares last traded at GBX 126.40, with a volume of 10,447,220 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 130 price target on shares of SigmaRoc in a research note on Wednesday, October 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 165.33.

Check Out Our Latest Analysis on SRC

SigmaRoc Stock Down 1.9%

The stock has a market capitalization of £1.40 billion, a PE ratio of 17.15 and a beta of 1.21. The company’s fifty day moving average price is GBX 125.94 and its 200-day moving average price is GBX 126.43. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 76.40.

SigmaRoc (LON:SRC – Get Free Report) last issued its earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share (EPS) for the quarter. SigmaRoc had a net margin of 8.40% and a return on equity of 10.54%. Analysts forecast that SigmaRoc plc will post 9.20 earnings per share for the current year.

SigmaRoc Company Profile

(Get Free Report)

SigmaRoc is Northern European quoted lime and limestone group targeting quarried materials assets in the UK and Northern Europe. Lime and limestone are key resources in the transition to a more sustainable economy. New applications for lime and limestone products as part of a drive for sustainability include the production and recycling of lithium batteries, the decarbonisation of construction including through substitution of cementitious material and new building materials, and environmental applications including lake liming, air pollution and direct air capture.

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