SDI Group (LON:SDI) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 81.66 and traded as high as GBX 87. SDI Group shares last traded at GBX 86, with a volume of 164,914 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 145 price objective on shares of SDI Group in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 145.

SDI Group Stock Performance

The company has a current ratio of 2.23, a quick ratio of 0.79 and a debt-to-equity ratio of 50.63. The firm has a market capitalization of £89.93 million, a P/E ratio of 19.86 and a beta of 1.09. The firm has a 50-day moving average of GBX 81.66 and a two-hundred day moving average of GBX 78.84.

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).