SDI Group (LON:SDI) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

SDI Group plc (LON:SDI)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.69 and traded as low as GBX 81. SDI Group shares last traded at GBX 81, with a volume of 49,730 shares traded.

SDI Group Trading Up 3.7%

The company’s 50 day simple moving average is GBX 79.84 and its 200-day simple moving average is GBX 83.69. The firm has a market cap of £87.84 million, a P/E ratio of 19.40 and a beta of 1.43. The company has a quick ratio of 0.79, a current ratio of 2.36 and a debt-to-equity ratio of 47.29.

SDI Group (LON:SDI) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported GBX 1.73 earnings per share for the quarter. SDI Group had a return on equity of 9.52% and a net margin of 6.43%. As a group, research analysts predict that SDI Group plc will post 6.002265 earnings per share for the current fiscal year.

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).