SDI Group (LON:SDI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 77.22 and traded as low as GBX 77. SDI Group shares last traded at GBX 79.80, with a volume of 141,357 shares changing hands.

SDI Group Stock Down 1.3%

The company has a debt-to-equity ratio of 50.63, a quick ratio of 0.79 and a current ratio of 2.23. The stock has a market cap of £81.57 million, a P/E ratio of 18.01 and a beta of 1.04. The stock’s fifty day simple moving average is GBX 75.23 and its 200-day simple moving average is GBX 77.22.

Insider Transactions at SDI Group

In other SDI Group news, insider Kenneth Ford sold 235,217 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 79, for a total value of £185,821.43. 3.87% of the stock is owned by corporate insiders.

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).