SigmaRoc (LON:SRC) Releases Earnings Results

SigmaRoc (LON:SRC) issued its earnings results on Monday. The company reported GBX 5.23 EPS for the quarter, Digital Look Earnings reports. SigmaRoc had a return on equity of 10.11% and a net margin of 7.68%.

SigmaRoc Trading Down 3.3%

Shares of SigmaRoc stock opened at GBX 133.50 on Tuesday. The firm has a 50-day simple moving average of GBX 126.55 and a two-hundred day simple moving average of GBX 124.76. The company has a debt-to-equity ratio of 77.40, a quick ratio of 0.88 and a current ratio of 1.17. SigmaRoc has a fifty-two week low of GBX 105 and a fifty-two week high of GBX 152.80. The company has a market cap of £1.48 billion, a P/E ratio of 19.78 and a beta of 1.24.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 130 price target on shares of SigmaRoc in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 165.33.

SigmaRoc Company Profile

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.

SigmaRoc seeks to create value by purchasing assets in fragmented materials markets and extracting efficiencies through active management and by forming the assets into larger groups.