SigmaRoc (LON:SRC) Stock Falls 1.7% – Here’s What Happened

SigmaRoc plc (LON:SRC) fell 1.7% during mid-day trading on Monday. The company traded as low as GBX 125 and last traded at GBX 125.90. Approximately 6,100,797 shares were traded during trading, a decline of 54% from the average session volume of 13,321,102 shares. The stock had previously closed at GBX 128.10.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 130 target price on shares of SigmaRoc in a research note on Monday, September 28th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 165.33.

SigmaRoc Trading Down 1.7%

The firm has a market capitalization of £1.40 billion, a price-to-earnings ratio of 17.08 and a beta of 1.24. The business’s 50-day moving average price is GBX 127.37 and its 200 day moving average price is GBX 124.12. The company has a debt-to-equity ratio of 76.40, a current ratio of 1.44 and a quick ratio of 0.88.

SigmaRoc (LON:SRC) last announced its earnings results on Monday, September 7th. The company reported GBX 5.23 earnings per share for the quarter. SigmaRoc had a return on equity of 10.54% and a net margin of 8.40%. On average, equities analysts forecast that SigmaRoc plc will post 9.20 earnings per share for the current fiscal year.

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.